The former US leader claimed all politicians envy the lifestyles of musicians such as his friend Bruce Springsteen but they never had the "talent" to pursue such a career path.
Asked if he'd like to go on tour with Bruce, he quipped: "There is no doubt that politicians are just failed rock stars! We'd all like the life Bruce has but we don't have the talent."
But while he may not live a rock-star life, the 60-year-old former US president admitted he and wife Michelle used to throw some wild parties at the White House.
Joining Bruce for a pre-recorded chat with UK TV talk show host Graham Norton, he said: "What is true is that we did have some good parties there, and it turns out that if folks are at a good party, they don't want to go home so it would go late sometimes."
He jokingly added: "People certainly misbehaved in ways I would not have expected under the portraits of George and Martha Washington!"