This is a RUSH transcript from "The O'Reilly Factor," May 26, 2011. This copy may not be in its final form and may be updated.

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BILL O'REILLY, HOST: In the "At Your Beck and Call" segment tonight: As you may know, the Beckmeister will be leaving Fox News later on this year, and he has a number of other ventures in the wind. And here he is to explain one of them.

GLENN BECK, FOX NEWS ANCHOR: I don't know what he's talking about.

O'REILLY: GBTV. Very snappy, Beck. GBTV. It rhymes and everything.

BECK: We haven't announced anything like that.

O'REILLY: How come it's all over the Internet, though? I mean, it says Glenn Beck...

BECK: So if it's on the Internet it must be true?

O'REILLY: I don't know if it's true or not. It's on the Internet. I don't really care. But people do ask me though.

BECK: Do they? They keep him in a closet here at Fox. They roll him out.

O'REILLY: What is Beck going to do after he leaves his daily program on television?

BECK: I've got a metal detector, and I'm going to the beach.

O'REILLY: I can see that.

BECK: Looking for things buried in the sand.

O'REILLY: And then as you pass people on the blanket, you'll be going, "You know, the world is going to end soon."

BECK: By the way, I saw you on "Imus." That wasn't right; that wasn't right.

O'REILLY: What did I do?

BECK: Talking about my new clothing line of apocalyptic -- Apocalypse Now.

O'REILLY: That was a great line.

BECK: He blew the big announcement.

O'REILLY: I was on "Imus" this morning, ladies and gentlemen, and they asked me, you know, what Beck is going to do. I said, "I think he's got a new clothing line called Apocalypse Now." Little shirts and jackets. You ought to do that. You'd make a fortune. Give it to charity like I do.

BECK: You know what? I will make an announcement here.

O'REILLY: Do that.

BECK: I am doing a clothing line, but it will be for charity.

O'REILLY: Good. Just like we do.

BECK: Yes. And it will be called 1791, the Original Blueprint. And, it is, well...

O'REILLY: 1791, the Original Blueprint of?

BECK: That's just the name. It's like Ralph Lauren of?