(CNN) -- Jay Leno pulled no punches on his show Monday night, the first since NBC confirmed the TV host was being kicked out of his low-rated 10 p.m. slot after just three months. "Welcome to 'The Jay Leno Show.' As you know, we're not just a show anymore, we are now a collector's item," he said to open the show, before launching into a string of scathing one-liners making not-so-light of the situation. Jeff Gaspin, chairman of NBC Universal Television Entertainment, announced Sunday that the network was taking Leno -- formerly the host of "The Tonight Show" now helmed by Conan O'Brien -- out of the prime-time slot because the show "didn't meet affiliates' needs" despite performing at acceptable levels for the network. The last show will air February 11 to make way for the 2010 Winter Olympics, which airs starting February 12.
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NEW: Conan: Earthquake so powerful "it knocked Jay Leno's show from 10:00 to 11:35"
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Leno: "I leave NBC prime time the same way I found it -- a complete disaster"
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NBC is still negotiating contracts for Leno, Fallon, O'Brien
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Jerry Seinfeld: "Conan has the chance to destroy everybody"
@placeholder had his own zingers for NBC during his monologue Monday night.