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Video: Charlie Sheen Becoming a Grandfather

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Charlie Sheen will live on for a very, very long time!

The Anger Managment star will become a grandfather for the first time later this year when his oldest daughter, Cassandra Estevez, 28, gives birth to her first child.

Charlie told David Letterman on The Late Show on Monday night,

"Me as a grandfather, Dave...I don't know. It's like the world's going to crack in half," he joked. "It's fabulous. It's just not a title I'm ready to adopt."

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Asked about how good a grandfather he would be:

"Well, yeah, because you can leave the kid!"

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People were so furious about this Pepsi ad that Pepsi pulled it after just one day. Watch it here and decide if it's offensive:

Congrats to him! Not so much to the grandkid... is he or she in for a surprise! Ha!