Tom Cruise takes on Jimmy Fallon for awesome lip-sync battle

Tom Cruise knows a little thing about lip-syncing. Remember his gripping, underwear-wearing rendition of Bob Seger's "Old Time Rock and Roll" in 1983's "Risky Business"?

On Monday, the 53-year-old actor showed us he's still got it.

The "Mission: Impossible" star took on Jimmy Fallon in a lip-sync battle during Monday's "Tonight Show" -- and boy, did he nail it.

Cruise took on what he called the "song of the summer," as well as a Meatloaf classic.

We don't want to spoil it for you, so watch Cruise in all of his glory below:

Cruise stars in the new action film "Mission: Impossible - Rogue Nation," which hits theaters Friday.