Live From New York, it's...Will Ferrell

Sketches include: "A Glimpse of our Possible Future: George W. Bush", "TRL", "A Glimpse of our Possible Future: Al Gore and Bill Clinton", "Goth Talk: The Blair Witch Tour", "TV Funhouse: The All-New Adventures of Mr. T", "Joe DiMaggio and Marilyn Monroe On 'The Seven Year Itch'", "Sex Therapy With Mr. Peepers", "A Glimpse of our Possible Future: Ralph Nader", "The DeMarco Brothers Audition For Paul Simon", "Robert Goulet's Rap Album", and "The Perverted Spanish Singers"

Paul Simon performs: "Hurricane Eye" and "Old"

Host Charlize Theron; The Black Keys perform.