Well, we say 'covers' - but it's more a case of 'investigates'.
Because in covering the recent Miss America pageant, John Oliver decided to take a closer look at the organisation's claim that it is "the world's largest provider of scholarships for women". And the results were very interesting indeed.
Watch the clip to find out what the 'Last Week Tonight' team discovered - and to enjoy John Oliver taking a twirl himself on the catwalk. *wolf-whistles*