Watch 'Nerdprom' Live: The White House Correspondents' Dinner

President Barack Obama has a laugh at last year's White House Correspondents' Dinner.

The White House Correspondents' Association is holding its annual dinner on Saturday night. Dubbed "nerdprom," the event features a sometimes awkward mix of political journalists, Hollywood celebrities, star athletes and even a few tech titans, alongside Washington politicians including the president and first lady.
President Obama is making is speech now, but only after an introductory video featuring Julia Louis-Dreyfus of HBO's Veep with Vice President Joe Biden, First Lady Michelle Obama and other political stars:
The actual comedian performing this year, Joel McHale of NBC's "Community" and E!'s "The Soup," will follow the president at about 10:40 p.m. ET. (Obama, who has delivered quite a few zingers over the years, is often a tough act to follow.)
We're live tweeting the highlights of the dinner at @MashableLive, and you can watch a live stream below.
The White House Correspondents' Association was founded in 1914 to represent the White House press corps, and it marks its centennial this year. Traditionally, although not always, the president and first lady attend the dinner, which raises money for journalism scholarship recipients. The number of Hollywood celebrities and athletes in attendance has varied through the years, but has hit a high note recently during the Obama administration.
Loving @MichelleObama's dress at #nerdprom with @JoelMcH... on Twitpic
Here's some color from the latest White House press pool report from inside the ballroom at the Washington Hilton, where the event is being held:
A plethora of guests are chatting and mingling between tables in the Washington Hilton ballroom while the U.S. Marine Band entertains; among VIPs, this pooler has spotted Al Sharpton, Uber founder Travis Kalanick, departing HHS Secretary Kathleen Sebelius, Energy Secretary Ernest Moniz, former Secretary of State Madeleine Albright and D.C. chef/restaurateur Jose Andres, the latter of whom appeared to nod at poolers in holding area and say, "How are you?"
The event has already led to some memorable photos, some of them a bit awkward:

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