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According to general relativity, the coalescence of a compact binary system creates a gravitational wave signal generically described by an inspiral-merger-ringdown waveform. The recent observations of gravitational waves by LIGO allow us to test our theory of gravity in the strong field regime. In binary black hole detections, the ringdown portion of the wave can provide tests of the no-hair theorem, the most stringent proof of the existence of astrophysical black holes and even possible hints of quantum gravity. I will present the current status of these observations and discuss future prospects.