When I graduated from Williams, the speaker was Yo-Yo Ma, who pointed out that he doesn't remember what was said, and he figured we wouldn't either, so instead he was going to play for us. Which was, really, pretty damn great. Because I think he said some other things, too, but I don't remember what they were, but I do remember what he played (Appalachian Waltz), so that was pretty great.
Now that we have the internet, I can read lots of these speeches and enjoy them without having to sit through 500+ names being called and the other dull stuff. And, along with the internet, we also have Stephen Colbert. Be still my heart. Also, pay attention to his comments about "yes, and" toward the bottom. That's some damn fine advice. (Thanks trom for the pointer.)