DeNiro did a good job, too. It was a graduation speech, not career counseling.
Honest but inspiring: Well, here you are. You chose this. An arts degree generally won't feed the bulldog, and you need to learn to live with rejection. Now, get your ass out there and try to earn a living, doing what you love.
The only thing I would have added is "I'll be seeing you... at the drive-through."