Credit: Bob D’Amico/ABC Photo: Jimmy Kimmel Will Host the 2012 Emmy Awards

Jimmy Kimmel may be the master of pranks, but this time, he’s not kidding about his latest big announcement, which he made during his appearance on The Ellen DeGeneres Show: he and his wife, Molly McNearny, are expecting a baby!

This isn’t Jimmy’s first time around the block — he already has two children, 20-year-old Kevin and 22-year-old Katie from a previous marriage. This is, however, his first child with Molly, who is a head co-writer on Jimmy Kimmel Live.

“I told my daughter, ‘Listen, there’s only so much love I have to give. You’re gonna have to split it up with the new kid. There’s a finite amount of love and that’s that,’” Jimmy joked with Ellen. “So they’re dealing with it, but it is very weird at my age. I’m going to be one of those old dads.”

Although Jimmy is 46, we think it could be worse. Besides, even he is an “old dad,” he’ll still love the baby — and be able to introduce him or her to all of his famous friends. Um, jealous of this baby already.

Speaking of he or she, which one is it? Jimmy and Molly haven’t decided whether or not they want to know ahead of time, although Jimmy is all for waiting.

“I would like it to be a surprise and my wife was happy with that idea until about a week ago,” Jimmy said. “She started saying, ‘We really need to find out.’ But I don’t think it matters. I don't think you need to make the baby’s room blue or pink — it’s inherently ridiculous. I don’t think they can even see colors.”

Might as well just wait til you meet the baby and ask him or her what color to paint the room, right? Congrats, Jimmy and Molly!

Source: YouTube

Credit: NDN Photo: Jimmy Kimmel to Be a Dad For Third Time (VIDEO)