Pete Davidson and Colin Jost Joke About Buying a Staten Island Ferry on SNL : 'We're Boat People Now'
Pete Davidson and Colin Jost have no problem poking fun at their new purchase.
On Saturday evening, Jost, 39, was at the helm of Saturday Night Live's Weekend Update, where he was joined by fellow cast member Alex Moffat to play his 'Guy Who Just Bought a Boat' character.
While Moffat, 39, performed, Jost then invited Davidson, 28, to appear alongside the pair, introducing the comedian as 'Guy Who Just Bought a Ferry' — a clear nod to their recent purchase of the John F. Kennedy, a decommissioned Staten Island ferry boat.
"Hey! We bought a ferry, the windowless van of the sea," Davidson joked, as Jost sarcastically added, "Yes, it's very exciting. We thought the whole thing through."
RELATED: Pete Davidson and Colin Jost Buy Decommissioned Staten Island Ferry Boat: 'Grand Plans'
Davidson also explained that he and Jost made the purchase alongside a third partner, "Pauley Italia," which Davidson joked is "the name of a real person and not a mafia-themed wrestler."
"We're boat people now, Colin," he continued, before playfully teasing Jost, adding, "I mean, you always were. You look like, you know, you own the yacht they rent out for rap videos."
Soeren Stache/picture alliance via Getty Images; Inset: Paul Zimmerman/WireImage
Earlier this week, The New York Post and Vulture reported that the SNL stars — both of whom were born in the New York City borough of Staten Island — teamed up to make the purchase alongside Italia.
Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.
Italia told the Post that he, Davidson, and Jost have "grand plans" for the boat. "The idea is to turn the space into a live entertainment event space, with comedy, music, art, et cetera," he told the outlet. "We're in the early stages, but everybody involved had the same ambition — not to see this thing go to the scrapyard."
The trio picked up the ship for $280,000 at a recent auction, according to the Post, which first reported the sale on Tuesday.
The ferry, christened the John F. Kennedy, was first commissioned in 1965 and was previously the oldest ferry in the fleet of Staten Island boats before being decommissioned and docked last summer, according to New York 1. While the boat was pulled out of service due to mechanical issues, the 300 ft.-long vessel has the capacity to carry over 3,000 passengers.
RELATED: SNL: Kristen Wiig and Willem Dafoe Crash Host Will Forte's Opening Monologue
"We are having trouble finding a place to dock though," Jost noted in the segment. "We're going to keep the boat docked. It's not going to move under its own power."
They currently plan to take the John F. Kennedy to a local shipyard while they look for a permanent home for the boat.