One of the best Reagan anecodotes, as told by his (awful) biographer, Edmund Morris:

Perhaps the best of Reagan’s one-liners came after he attended his last ceremonial dinner, with the Knights of Malta in New York City on January 13, 1989. The evening's m.c., a prominent lay Catholic, was rendered so emotional by wine that he waved aside protocol and followed the President’s speech with a rather slurry one of his own. It was to the effect that Ronald Reagan, a defender of the rights of the unborn, knew that all human beings begin life as "feces." The speaker cited Cardinal John O’Connor (sitting aghast nearby) as "a fece" who had gone on to greater things. "You, too, Mr. President — you were once a fece!"

En route back to Washington on Air Force One, Reagan twinklingly joined his aides in the main cabin. "Well," he said, "that's the first time I've flown to New York in formal attire to be told I was a piece of shit."

(via Andrew Sullivan.)