Watch: Obama and Romney trade barbs for laughs for charity - The foes put politics to one side momentarily as they enjoyed some light-hearted banter at the annual Al Smith charity dinner at the Waldorf-Astoria in New York last night

For a few hours, President Obama and Mitt Romney shared laughter, not political venom on Thursday night in New York.

Obama joked how he was more vibrant in the second presidential debate because he had a “nice, long nap”  during the first debate.

While Romney name-checked Big Bird and, dressed in a black tuxedo and white tie, quipped that it was nice to “finally relax and wear what Ann and I wear around the house.”

Their personal zingers were all for a good cause– they were endeavoring to raise money for charities supported by Catholic Archdiocese of New York at the annual Al Smith charity dinner at the Waldorf-Astoria.

With Timothy Cardinal Dolan seated between them, Obama and Romney dined on poached lobster tail, rack of  lamb with risotto and baby zucchini before taking turns at the podium to poke  fun at each other and at themselves.

The 1,600-guest dinner raised a record $5 million to benefit Catholic charities — $1 million more than the 2008 dinner, which featured Obama and Arizona Sen. John McCain

Watch their speeches below….

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