Episode host Jonah Hill confesses to Samberg that he has fallen in love with his father, Ben Samberg (played by longtime SNL writer Jim Downey). Hader also confesses the same thing.

Samberg and Hader interrupt Lorne Michaels' dinner with Christopher Dodd (appearing as himself) to attempt to pitch Laser Cats! again, this time with a scene enhanced by 3D glasses. The plot revolves around a ban on all laser cats and a battle against the corrupt Mayor Top-Hat (Thompson). Christopher Walken appears as a general.

Samberg and Hader once again try to persuade Lorne Michaels with another Laser Cats! movie with some "help" from James Cameron (appearing as himself). The short includes many references to James Cameron's films, including Aliens (Sigourney Weaver reprises her role as Ellen Ripley), The Terminator, Titanic, and Avatar.

Hader and Samberg again use a celebrity (Tom Hanks) to pitch a new Laser Cats film to Lorne Michaels; this time, a musical version which includes parodies of Cats and Spider-Man: Turn Off the Dark. It is revealed that Hader and Samberg have stolen Wilson the volleyball to blackmail Hanks. Episode host and musical guest Elton John portrays the villain and Carmelo Anthony plays a security guard.

Despite Lorne Michaels' objections, Hader and Samberg show him the latest Laser Cats short – this time directed by Steven Spielberg (appearing as both himself and a "Hitchcockian" cameo in the short), which contains many references to his films, including E.T. the Extra-Terrestrial, Close Encounters of the Third Kind, and Raiders of the Lost Ark.

Saturday Night Live celebrates 40 years in a star-studded 3-and-a-half hour live special featuring appearances from former and current cast members, past hosts and guest stars.