Ed McMahon is playing tour guide to Rachael's audience on a double-decker bus ride through the streets of New York City. "We'll see all the spots that are Rachael Ray's favorite places," Ed says. "Let's get moving!" They head right over to Rachael's studio where she tapes 180 shows a year, where Rachael asks, "Do you guys mind if I kind of hijack you and join the tour?" Rachael asks. "I've never been so excited to be on a bus! Let's go check out the city!"

As they're touring all New York City has to offer, Rachael gets serious with the TV legend. "This has been such a tumultuous, horrible year for so many Americans with the housing crisis, and you got out there and said, 'Listen kids, this happened to me,'" she says, praising the former Tonight Show host for his honesty and courage.

"Something is working out so it's getting better," responds Ed. "I'm an old Marine and I just somehow get it done. That's what I want to tell everybody -- hang in there, don't let it get you -- you get it."

Rachael compliments Ed on his positive outlook, and then asks what his misses most about working with the late Johnny Carson. "Waking up every morning and knowing that before the day was out I was going to sit next to Johnny Carson and banter with him," he explains. "You know we made that stuff as we went along. There was no rehearsal ... I just showed up."