"This all dates back to when we were growing up together in Kenya," Obama joked when "The Tonight Show" host Jay Leno asked him about his ongoing rivalry with Trump.
The quip was met with a round of applause and laughter from the audience.
"We had constant run-ins on the soccer fields," Obama continued, "He wasn't very good and resented it. When we finally moved to America, I thought it would be over."
Trump’s highly anticipated announcement that he claimed could “change the course of the presidential race,” was met with disappointment when it was released at noon Wednesday. Trump released a video via YouTube, as well as a statement on Facebook, challenging the president to release various records of his in exchange for the mogul donating $5 million to charity.
“If Barack Obama opens up and gives his college records and applications, and if he gives his passport applications and records, I will give to a charity of his choice -- inner-city kids in Chicago, American Cancer Society, AIDS research, anything he wants -- a check, immediately, for $5 million,” Trump said in the video.
Crediting himself for having President Obama release his long-form birth certificate, thus proving his citizenship, and eligibility to be president, Trump called the dare a public service.
Trump has given the president until Oct. 31 at 5 p.m. to release the requested documents and says if the record are to his “satisfaction” he will promptly facilitate the donation within one hour
According to the Daily Mail, The White House has not responded to Trumps offer, and most likely will not.
Social media outlets exploded with discontent over Trump’s anticlimactic “bombshell,” with several political commentators chiming in with deflated opinions.
“Attention parents: If you give your children even the tiniest bit of attention now, maybe they won't grow up to be Donald Trump,” comic Andy Borowitz tweeted.
Many conservatives similarly expressed their distaste.
“If at any point you seriously considered Donald Trump for president, please study the error of your ways in quiet, private contemplation,” Jim Geraghty of the conservative National Review wrote.
Despite this, Trump says he is pleased with the outcome of the video, and expressed his thanks via Twitter.
Meanwhile, amid discussing everything from the debates, to sports, to his wife Michelle, Obama told Leno that despite their heated rivalry, he and Trump have never actually met.