Usually, when a host joins the Five Timers Club, they celebrate the momentous occasion during the opening monologue. But this being John Mulaney, the monologue was obviously going to be standup, so the Five Timers sketch came later in the show.
The sketch started with fellow Five Timers Steve Martin and Candice Bergen commenting on how the episode was going so far. With them was Paul Rudd, who was recently inducted into the club in December.
Tina Fey was back too, as well as Elliott Gould, who became a five timer back in 1980 and co-starred on John Mulaney's sitcom Mulaney.
The gathered Five Timers wondered if the club was still special given how many members are in it now (22!) and if there was even room for John.
Then Conan O'Brien — not a Five Timer, but still cool — came in and got the biggest applause of the night, which made me happy.
Conan was easily the funniest part of the sketch, which made me wonder why he has only hosted SNL once.
Paul ended up taking one for the team and gave John his fancy Five Timers smoking jacket.
But don't worry, it doesn't look like Paul is actually getting kicked out of the club.
You can watch the whole sketch right here!
There are so many things you can watch on Peacock for free, but if you want even more content, you can sign up for Peacock Premium for $4.99 a month or Peacock Premium Plus for $9.99 a month after a seven-day free trial.