(CNN) – Mitt Romney poked fun at President Barack Obama's new campaign slogan while speaking at a fundraiser on Wednesday.
Though he was attempting to mock the new motto, "Forward," which Team Obama rolled out in a video released Monday, Romney initially tripped up in trying to remember the word.
"His new slogan is: Progress - no, forward. Forward! That's it. Progress would be better," Romney said, according to a pool reporter in the room. "I must use that one myself, actually."
In the video, the Obama campaign makes the argument that economic conditions are improving and the president's accomplishments were possible despite strong Republican resistance.
But Romney wasted no time in mocking the president's new word choice on Wednesday: "Forward is his new slogan, and it's like, forward, what, over the cliff?"
The presumptive GOP presidential nominee was speaking at a private fundraising dinner in Pentagon City, Virginia. Other speakers at the event included Virginia Gov. Bob McDonnell and Republican National Committee Chairman Reince Priebus.
While the campaign did not disclose exactly how much was raised at the event, 250 people had purchased tickets for the general reception at $2,500 each, totaling $625,000. There was also a VIP photo reception, tickets for which cost $10,000.
On Thursday, Romney will continue campaigning in Virginia, where U.S. Rep. Michele Bachmann of Minnesota is set to officially endorse the candidate at an event in Portsmouth.
– CNN's Rachel Streitfeld and Ashley Killough contributed to this report.