When he says:

When you peel back the pretty, shooty layers of the Palin onion, there’s no onion. It’s just a conservative boiler plate mad lib: ‘Freedom is good and taxes are–ooh I need an adjective–how about, I don’t know, silly?’ And the worst part it’s a mad lib delivered as though it were the hard-earned wisdom of a life well lived.

It’s just magical, and it starts at 3:40, though the first part is amusing too.

It’s not as good as Stephen Colbert’s takedown of her (scroll down). But it is very good.