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Conan O'Brien's beard shaved by Will Ferrell

Will Ferrell shaves Conan O'Brien's beard on "Conan," May 2, 2011. TBS

(CBS) Will Ferrell: Actor. Comedian. Barber?

Ferrell made good on his threat to rid Conan O'Brien of his "red mistake" by shaving the late-night TV talk show host's beard during an appearance on "Conan" Monday night.

Pictures: Conan O'Brien

The actor, who giddily dubbed the event "Beardpocalypse," whipped out a pair of clippers he dubbed "Excalibeard" and went to work on O'Brien.

Turns out, Ferrell isn't a very good barber.

"That's horrible!" O'Brien exclaimed after looking in a mirror at the patchy product. A professional finished the job during a commercial break.

When Ferrell saw O'Brien's clean-shaven look, he turned remorseful, saying he had made a "terrible mistake."

Watch the video here.

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