Jay Leno had his final show last night and gave a heartfelt sign off. This is a very classy and very REAL sendoff.

At one point, Jay took a 50 percent pay cut to save staffers jobs.

Jimmy Fallon is set to take over February 17th. U2 and Will Smith will be the first guests.

Did you watch Jay? Will you give the new "Tonight Show" with Jimmy Fallon a try?