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Skip to main content Pete Davidson and Colin Jost during "Weekend Update" of "Saturday Night Live" on November 8, 2025. Will Heath/NBC Trending on Billboard Pete Davidson returned to Saturday Night Live for a surprise appearance on Nov. 8. The comedian and actor, who was an SNL cast member from 2014 to 2022, crashed the “Weekend Update” segment to poke fun at a recent article about a decommissioned Staten Island ferry he purchased with Colin Jost in 2022. The two had planned to transform the vessel into an upscale entertainment venue. Sombr Performs ’12 to 12′ & ‘Back to Friends’ on ‘Saturday Night Live’: Watch Pete Davidson Reveals His Pick for Greatest Staten Island Rapper: ‘He’s at the Top of His Game’ Pete Davidson Doesn’t See Ex Ariana Grande Very Often, But He’s Psyched About Her ‘Wicked’ Oscar Nom: ‘I Hope She Wins’ “The New York Times recently ran an article calling the Staten Island Ferry that I purchased with Pete Davidson a ‘money-losing fiasco.’ With more on this, is Pete Davidson,” Jost said in introducing The King of Staten Island star. “Colin, you’re looking great as ever. [Michael] Che, starting to crack,” Davidson joked, mentioning his recent appearance at the 2025 Riyadh Comedy Festival and that he’s expecting his first child. “So yeah, in case you’re wondering why I had to do a show in Saudi Arabia, we’re losing millions on this ferry,” he continued. “I assume that’s what the article says. I can’t spend $5 on a paywall when I got a kid on the way.” Davidson and Jost then continued trading jokes about the 2,109-ton ferry, which they bought at a New York auction for $280,100. “We even gave the boat a new name,” Davidson said. “We thought the Staten Island Ferry sounded too depressing, so now it’s called the Titanic 2.” Jost added, “That’s right, and it’s actually going very well. Recently, we got paid by Nike to put an ad on it for the New York City Marathon.” Earlier on Saturday, Davidson told People that he’d “do anything” for SNL boss Lorne Michaels, saying he’d return to the show if asked. “I had a great time hosting last time, and anytime you get that call, it’s an honor and a privilege,” the eight-season SNL vet said. “It’s always relevant, it’s a hot show. People look forward to it, and the cast is great.” Saturday’s episode was hosted by comedian Nikki Glaser, with singer-songwriter Sombr serving as the musical guest. Watch SNL’s “Weekend Update” segment with Davidson below, and find all the ways to stream the full episode here. Get weekly rundowns straight to your inbox Want to know what everyone in the music business is talking about? Get in the know on Visit Billboard Pro for music business news Billboard is a part of Penske Media Corporation. © 2025 Billboard Media, LLC. All Rights Reserved. Powered by WordPress.com VIP optional screen reader Manage Account Billboard Hot 100™ Billboard 200™ Hits Of The World™ Songs Of The Summer Year-End Charts Decade-End Charts R&B/Hip-Hop Business News Record Labels View All Pro Songwriters & Producers Artist Index Royalty Calculator Market Watch Industry Events Calendar Billboard Español Cultura y Entretenimiento Crossword Puzzle GET ACCESS TODAY