"Which proves that orange really is the new black," Obama said to roars of laughter.
"We rolled out HealthCare.gov. That could have gone better," Obama said, poking a little fun at himself and his administration. "In 2008 my slogan was 'Yes we can.' In 2013 my slogan was 'Control-alt-delete.'"
On the plus side, the president said, "they did turn the launch of HealthCare.gov into one of the year's biggest movies." On a screen flashed the poster for "Frozen."
When a video Obama introduced failed to play properly, he asked, "Does anybody know how to fix this?" To laughter, the out-going Health and Human Services Secretary Kathleen Sebelius stepped up and said: "I got this. I see it all the time."
The annual dinner has become a tradition in the nation's capital, promising a black-tie evening of humor and celebrity gazing. The event once again attracted an array of journalists, government officials, politicians and media personalities as the association raised money for college scholarships. The featured entertainer was comic actor Joel McHale, the star of the NBC series "Community."
In his own stand-up routine, Obama didn't waste any time turning his barbed jokes toward the news media.
"MSNBC is here," he said. "They're a little overwhelmed. They've never seen an audience this big before."
Noting that he had traveled to Asia recently, Obama said: "The lengths we have to go to get CNN coverage these days. I think they're still searching for their table."
The president saved his sharpest jabs for another cable news network. "The Koch brothers bought a table here tonight, but as usual they used a shadowy right-wing organization as a front. Hello, Fox News!"
He added: "Let's face it, Fox. You'll miss me when I'm gone. It will be harder to convince the American people that Hillary was born in Kenya."
Republicans didn't escape untouched. "Washington seems more dysfunctional than ever," Obama said. "Gridlock has gotten so bad in this town you have to wonder: What'd we do to piss off Chris Christie so bad?"
The correspondents' association, which represents the White House press corps, celebrated its 100th anniversary.
Journalists were honored for their coverage of the presidency and national issues: