“I screwed up,” Olbermann said after Letterman asked whether Current TV and former president Al Gore knew what they were doing. “I screwed up really big on this. Let’s just start there. I thought we could do this. It’s my fault that it didn’t succeed in the sense that I didn’t think the whole thing through.”

Photos from THR: Keith Olbermann’s famous feuds

Olbermann continued: “I didn’t say, ‘You know, if you buy a $10 million chandelier, you should have a house to put it in. Just walking around with a $10 million chandelier isn’t going to do anybody a lot of good, and it’s not going to do any good to the chandelier.’ And then it turned out we didn’t have a lot to put the house on to put the chandelier in, or a building permit, and I, I should have known that. And it is, it is my fault at heart.”

“You’re the chandelier?” Letterman asked. “I’m the chandelier,” Olbermann answered. “You are always pointing out how big my head is, so I think it’s a suitable analogy.”