Laura Ingraham, played by Kate McKinnon, and Tucker Carlson, played by Beck Bennett, hosted the "FOX News Ukrainian Invasion Special' for the 'babies' - 'the sugar babies of Russian oligarchs."
"Who will pour vodka in their mouths? So many horny mouths to feed," McKinnon said. "So many horny mouths to feed."
The two television personalities, they expressed, 'got in trouble' for the "nice things we said about Russia and the mean things we said about Ukraine," with McKinnon saying that Ingraham "called the president of Ukraine pathetic [when] he stayed and fought with his people in a war, and I called him pathetic from a news desk in Washington."
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"We did sound really awful in hindsight and foresight," McKinnon's Ingraham went on.
The show was less political from that point onwards, with actor Oscar Isaac, who recently starred in Dune and is set to play Marvel character Moon Knight, hosting Saturday's broadcast. The musical guest was Charlie XCX, and she sang 'Beg for Me' for her first song and 'Baby' for her last.
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Cast member Pete Davidson was notably absent from the episode, disappointing some fans who hoped to hear the comedian take jabs at Kanye West after the rapper was pictured burying Davidson's likeness in his 'Easy' music video last week amid their ongoing feud over Kim Kardashian.
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The cold open began with Bennett as Carlson declaring 'we should be more worried about our own border getting invaded by Mexico.'
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"In my defense, I'm racist and I thought that was true," Bennett's character says.
"But tonight, we're going to make it up to you," McKinnon's Ingraham said. "We're going to raise money for the real victims of this invasion - the oligarchs."
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Those who donated had the option to "either send money or take out a reverse mortgage."
"Thus far, $8.3 billion roubles - which comes out to almost twelve dollars - had been raised."
Trump, meanwhile, manned the phones for the charity drive - those who donated would get a My Pillow, a six-month subscription to Life Lock and ten American Flag catheters.
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They also gave out shirts, with one side reading 'I stormed the Capitol,' and the other reading 'this does not constitute an admission of guilt.'
"Former and current President Donald Trump is manning the phone lines himself," McKinnon's Ingraham said.