February 17, 2016 11:27 AM EST

On The Late Show With Stephen Colbert Tuesday night, host Stephen Colbert had a field day over rapper Kanye West’s Twitter spree — specifically, recent tweets about his financial situation in which he claims he is “53 million in personal debt” and calls on Facebook founder Mark Zuckerberg to invest a billion dollars into his ideas. Referring to the Grammy winner as a “rapper/mogul/visionary toddler,” Colbert points out that one of these ideas is “emoticon auto correct,” based on a flow chart of his communications company Donda.

But Colbert’s biggest zinger of the night was inspired by both the rapper’s complaint that he wasn’t nominated for a 2016 Grammy and a controversial lyric from “Famous,” a track off his latest album The Life of Pablo, in which he raps: “I feel like me and Taylor might still have sex / I made that b—- famous.”

To which Colbert fired back: “I have a feeling that the odds of you having sex with Taylor Swift are about the same as winning a Grammy you weren’t nominated for.”

More Must-Read Stories From TIME

Write to Olivia B. Waxman at olivia.waxman@time.com.

Read More From TIME
You May Also Like