Yesterday, President Obama presented Paul McCartney with the third-ever Library of Congress Gershwin Prize for Popular Song. Congrats to Paul, but we were more impressed that Elvis Costello, Dave Grohl, and Jack White were there to perform as well!

Costello, Grohl, White, and Jerry Seinfeld hop on stage and join Sir Paul for a rendition of "Hey Jude."

Below, you can watch Obama's presentation and Sir Paul's acceptance speech that followed after.

The entire event was taped for a PBS special that will air on July 28th. Thanks to Gene for the tip!