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Key & Peele explain their name game on 'Jimmy Kimmel Live'

Keegan-Michael Key and Jordan Peele, shown here portraying

Keegan-Michael Key and Jordan Peele, shown here portraying President Barack Obama, star in Comedy Central's sketch-comedy series "Key & Peele." Credit: Ian White

Keegan-Michael Key and Jordan Peele — among two of the funniest people on the planet (excepting their extended cameo on "Fargo") — were on Tuesday's "Jimmy Kimmel Live" (the host of which is also funny) to answer various questions about their long and fruitful collaboration.

Among these questions: Where did the name bit come from, exactly? It's the famous and hugely popular sketch in which Key plays a substitute teacher who insists on his own special pronunciation of student names. 

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