Jon Stewart and Bill O’Reilly to Rumble for Charity in the Debate We’ve Been Waiting For

Fox News personality Bill O’Reilly and "Daily Show" host Jon Stewart will face off in a 90-minute debate dubbed “The Rumble in the Air-Conditioned Auditorium” at George Washington University on Oct. 6.

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Jon Stewart

Fox News personality Bill O’Reilly and Daily Show host Jon Stewart will face off once again, in a 90-min. debate dubbed “The Rumble in the Air-Conditioned Auditorium” at George Washington University on Oct. 6.

No strangers to mudslinging grudge fests,  O’Reilly and Stewart have gone head to head before.  The two have appeared on each other’s shows regularly since 2001.

(WATCH: Should a Controversial Rapper Be Invited to the White House? Stewart and O’Reilly Face Off)

“They often throw barbs at each other when on their own shows,” Josh Sanburn wrote for TIME in 2010. “But surprisingly, when face to face, they jab and spar rather playfully and demonstrate little true dislike for one another.”

This time, however, the two TV hosts will be standing behind podiums and duking it out, rhetorically, for charity. Half of the $4.95 price for the live stream will go to “very worthy charities,” according to O’Reilly, who announced the event last night on his show. Additionally, anyone who purchases a ticket before Oct. 1 will have the opportunity to submit a question to the politically mismatched pair.

(WATCH: TIME’s 10 Questions for Bill O’Reilly)

The format, O’Reilly said, will be exactly like a presidential debate but “without all the phoniness or pomposity” and will offer a “no-spin analysis” on the “intense issues of the day.” Former Fox News Live host and CNN contributor E.D. Hill will moderate.

O’Reilly said last night that he and Stewart would debate “man to man, eye to eye” and that EMTs would be standing by.

“I’m excited to debate Mr. O’Reilly,” Stewart said. “I believe this will be a very enjoyable night for fans of our programs, political junkies, partisans and people who just enjoy yelling.”

The Facebook page for Rumble 2012 suggests that ticket sales for the Rumble will outpace preorders for the iPhone 5, based on “data that hasn’t been accumulated or verified.”

MORE: ‘We’ll Do It Live!’: The Greatest Onscreen Meltdowns