Is that you Kenny Rogers?
Donning a black tuxedo and white beard Fallon belted out the lyrics to the 1981 hit. He also showed off a few dance moves.
Both Gifford and Kotb were clearly touched by the performance. The two co-hosts held hands throughout the number and even sang along. At one point, Kotb wiped away a tear.
Clearly, the Today audience enjoyed the performance, too and gave Fallon a huge round of applause.
Watch the video to see the full performance.