Pete Davidson Finally Revealed The Real Reason Why He Bought A Decommissioned Ferry Last Year

    Don't smoke and buy boats, kids.

    Last year, Pete Davidson and Colin Jost made news when they randomly purchased an entire ferry.

    Pete and Colin sit next to each other during an SNL segment Weekend Update

    Yep, a big ol' boat!

    A closeup of a ferry in New York

    Literally one of these:

    The two bought a decommissioned Staten Island ferry at auction for $280,000 with plans to turn it into an entertainment center.

    Colin and Pete stand next to each other at an event

    We haven't heard too much about their ferry since, but now Pete provided a bit more insight into the purchase and gave an update to ET.

    ET/ Twitter: @derMauersegler

    Pete was asked about the boat at the premiere of Transformers: Rise of the Beasts.

    They asked if Pete was planning on throwing an after-party on the boat, and Pete said, "Yeah, if it's not sunk!"

    A Staten Island Ferry on the water with the Statue of Liberty in the background

    "I have no idea what's going on with that thing," he said while shaking his head.

    "Me and Colin were very stoned a year ago and bought a ferry. And we're figuring it out," he said.

    So, yeah, just a $280k stoned purchase.

    Good luck with that boat, boys!