Diddy is in a happy place. The Bad Boy CEO was nothing but smiles during a recent visit to Jimmy Fallon on The Tonight Show, where the two traded lines about Puff's VIP parties and his "high concept," even self-destructive invites.
"You gotta work hard and play hard," he offered. "You have to treat yourself!" Fallon then received a lesson in two-stepping from Puffy.
The hip-hop mogul has been juggling a lot on his plate after recently announcing a "one night only" Bad Boy reunion show to take place at Brooklyn's Barclays Center on May 20, the birthday of late rapper Notorious B.I.G. He also announced earlier this week that he is opening a charter school in Harlem. Both were hefty talking points during his sit-down with Power 105.1's The Breakfast Club.
On the musical front, the MMM hitmaker also delivered the visual for his funky jam featuring Ty Dolla $ign and Gizzle called "You Could Be My Lover." Diddy and the Bad Boy family are also expected to roll out No Way Out 2 later this year.
PHOTOS: Diddy through the years
Sean P. Diddy Combs
Diddy two-steps with Jimmy Fallon, debuts 'You Could Be My Lover' video
NEW YORK, NY - FEBRUARY 15: Rapper Sean Combs attends the 2015 NBA All-Star Game at Madison Square Garden on February 15, 2015 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images)
NEW YORK, NY - MAY 04: Sean Combs arrives at Rihanna's Private Met Gala After Party at Up & Down on May 4, 2015 in New York City. (Photo by Daniel Zuchnik/Getty Images)
Cassie and Sean Combs arrives at the 2015 Metropolitan Museum of Art's Costume Institute Gala benefit in honor of the museums latest exhibit China: Through the Looking Glass May 4, 2015 in New York. AFP PHOTO / TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
LAS VEGAS, NV - MAY 02: Model Cassie Ventura (L) and Sean 'Puff Daddy' Combs pose ringside at 'Mayweather VS Pacquiao' presented by SHOWTIME PPV And HBO PPV at MGM Grand Garden Arena on May 2, 2015 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images for SHOWTIME)
WASHINGTON, DC - MAY 10: Entrepreneur and philanthropist Sean 'Diddy' Combs reacts after delivering the commencement speech at Howard University's 146th commencement exercises on May 10, 2014 in Washington, D.C. Also honored at the convocation were CNN anchor Wolf Blitzer, Chairman and CEO of PespiCo Indra K. Nooyi, professor of surgery Dr. Clive Callender, and jazz legend Benny Golson. (Photo by Allison Shelley/Getty Images for DKC)
LOS ANGELES, CA - MAY 01: Rapper Sean 'Diddy' Combs speaks onstage during the 2014 iHeartRadio Music Awards held at The Shrine Auditorium on May 1, 2014 in Los Angeles, California. iHeartRadio Music Awards are being broadcast live on NBC. (Photo by Kevin Winter/Getty Images for Clear Channel)
NEW ORLEANS, LA - FEBRUARY 16: Sean Combs attends the 2014 NBA All-Star game at the Smoothie King Center on February 16, 2014 in New Orleans, Louisiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Martinez/Getty Images)
BEVERLY HILLS, CA - JANUARY 12: Sean Combs attends The Weinstein Company & Netflix's 2014 Golden Globes After Party presented by Bombardier, FIJI Water, Lexus, Laura Mercier, Marie Claire and Yucaipa Films at The Beverly Hilton Hotel on January 12, 2014 in Beverly Hills, California. (Photo by Araya Diaz/Getty Images for The Weinstein Company)
LAS VEGAS, NV - SEPTEMBER 20: Recording artist Sean 'Diddy' Combs introduces a performance by Robin Thicke during the iHeartRadio Music Festival at the MGM Grand Garden Arena on September 20, 2013 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images for Clear Channel)
LAS VEGAS, NV - SEPTEMBER 20: Sean 'Diddy' Combs (L) and Robin Thicke perform onstage during the iHeartRadio Music Festival at the MGM Grand Garden Arena on September 20, 2013 in Las Vegas, Nevada. (Photo by Christopher Polk/Getty Images for Clear Channel)
NASHVILLE, TN - NOVEMBER 06: Kellie Pickler and Sean Combs speak onstage during the 47th annual CMA awards at the Bridgestone Arena on November 6, 2013 in Nashville, United States. (Photo by Rick Diamond/Getty Images)