President Barack Obama stopped by The Ellen DeGeneres Show for the first time on Friday, and when Ellen questioned him about his two daughters, he basically melted into a puddle. President Obama called Sasha and Malia "wonderful people" and revealed he's not at all ready for Malia to head off to college, even if she is. "I was asked if I would speak at her graduation and I said absolutely not because I'm gonna be sitting there with dark glasses sobbing," he told Ellen. "She's one of my best friends. . . . She's just a really smart, capable person. She's ready to make her own way." Watch his interview above, and check out the president's hilarious day out with Jerry Seinfeld!