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

Sketches include: Bush's Good Health, Subshack, The Boston Teens At The Liquor Store, Moleculo: The Molecular Man, Napster Testimony, Taint-less Ted, Find The Black People At The Knicks Game, VH-1 Diva-Thon, Democratic National Committee, and Sports Century: The White Boxer

Don Henley performs: ""Everything is Different Now"" and ""Heart of the Matter"" (the second performance was cut on the NBC rerun and replaced with a DeMarco Bros. sketch where Chris Parnell, Chris Kattan, and Conan O'Brien audition for Don Henley)