Live From New York, It’s... Dan Aykroyd! Sketches include "Bert Lance for National Express," "Kromega III," "Festrunk Brothers Ping-Pong," "Mike McMack, Defense Lawyer," "Trinity 3000 Computer," "Great Moments In Rock & Roll," "The Mr. U.S.A. Pageant," and "Royal Deluxe II." Jackson Browne & The Section performed "Runnin’ On Empty" and "The Pretender."

In the second episode (s3e2) the host was Madeline Kahn while musical guest Taj Mahal did ‘Queen Bee’. The sketches included Lee Harry Oswald, Swill, Bad Opera, The Anyone Can Host Contest, Bianca Jagger Talks with Close Personal Friends, The Acid Generation: Where Are They Now?, The Gospel of Bowling, Blind African -American, Autumn In New York, Ultra-Personal Feminine Product, Dubbing Hercules, a chat with Dame Edna Everage, Pocket Pal and Phone Secrets.

Sketches include "Playboy Party Jokes," "Angora Bouquet," "Planet Of The Men vs. Planet Of The Women," "The ’Anyone Can Host’ Contest," "The X-Police," "Circular Bed Sex Research," "Listening To Great Music," "Sex In Cinema," "The 3 R’s," "The Story Of H" (film), "Playboy Philosophers," "Funeral Magician," a guest performance by Andy Kaufman, and "The Farbers at the Playboy Club." Libby Titus performed "Fool That I Am."

Live From New York, it’s... John Belushi! Sketches include "Grodin Misses Dress Rehearsal," "Weekend Update Promo," "The Coneheads," "Long-Winded Set-Up," "Consumer Probe," "The ’Anyone Can Host’ Contest," "Samurai Dry Cleaner," "Trick-or-Treating Killer Bees," "Simon, Garfunkel, and Grodin," "Judy Miller," "The Professional School of Football," and "Hiring the Incompetent." Paul Simon and the Persuasions perform "Slip Sliding Away" and "You’re Kind."

Sketches include "Don Corleone," "A Message From the President of the United States," "Mamorex," "Howdy Doody’s Widow," "Tomorrow," "The Young Caucasians," a performance by Franklyn Ajaye, "Evelyn Woodski Slow Reading Course," "Blackout Burglary," and "Mr. Mike’s Painting." Ray Charles performed "I Can See Clearly Now," "What I’d Say," "I Believe in My Soul," "Hit the Road Jack," "Oh, What a Beautiful Morning," and "I Can’t Stop Loving You."

Sketches include "The Contest Finalists," "Little Chocolate Donuts," "Samurai Psychiatrist," "Stunt Babies," "Motel Sanitation Items," "Reunion in Kiev," "The Rickey Rat Club," "The History of Franken & Davis," "The Contestests in Buck’s Suite" (film), and "Life After Death" (film). Leon Redbone performed "Champange Charlie" and "Please Don’t Talk About Me When I’m Gone."

Sketches include "Peppiest Show Ever," "Hey, You!," "More Insects To Worry About," "Total Womanhood", "Married In A Minute!," a guest performance by Andy Kaufman, "Bad Musical," and "Hanukkah Explanation." Willie Nelson performed "Whiskey River," "Blue Eyes Crying in the Rain," and "Something To Brag About."

Live From New York, It’s... John Belushi! Sketches include "America’s Oldest Living Doper," "Meat Wagon Toy Ambulance," "Dating the Self-Conscious & Extremely Obnoxious," "Gift of the Magi," "Sartresky and Hutch," "The Al Franken & Tom Davis Show," "E. Buzz Miller’s Art Classics," "College Students Home For Christmas," "Drunken Santa," and "How to Make a Soiled Kimono." Elvis Costello & The Attractions performed "Watching the Detectives," the first ten seconds of "Less Than Zero," and "Radio, Radio."

Live From New York, It’s... Dan Aykroyd! Sketches include "State of the Union ’78," "Swill," "Searching For Bigfoot," "Wild & Crazy Guys," "Body Floss," "The Coneheads On ’Family Feud’," "Steve’s Personal Friends" (film), and "What If?" The Nitty Gritty Dirt Band performed "On the Loose With the Blues" and "White Russia" with Steve Martin; Randy Newman performed "Short People" and "Rider In The Rain."

Live from New York, it’s... Paul Shaffer! Sketches include "The Mr. Mike & Tina Turner Review," "Olympia Cafe," "The X-Police," "Nick Winters," "Nerds Album," "Frogs’ Look At Film ", "Giant Lobster Update," "Rhonda Weiss on Dope," "Attack Of The Giant Lobsters," and "Lobsters Wreck The Studio." Bonnie Raitt performed "Runaway" and "Give It All Up or Let Me Go."

Former cast member Chevy Chase returns to the show that made him famous. He also brings Billy Joel with him as the musical guest.

Live From New York, It’s... Gilda Radner! Sketches include "Gilda Answers Audience Questions," "Samurai Night Fever," "Great Moments In Sports," "The Mohawk Master," "The Raid On Nicosia," "Voodoo Curse," "The Franken & Davis Show," "Mandingo II," "E. Buzz Miller’s Animal Kingdom," "Hertz," and "Celebrity Battle of the Sexes." Ashford & Simpson performed "So, So Satisfied" and "Don’t Cost You Nothing."

Sketches: Modern Crimes, Kromega III, Tomorrow, Miracle In Chicago, Stage Door Guard, Looks At Books, Don't Look Back In Anger, and Looking For Mr. Goodbar Playset Performances: Stephen Bishop performs On & On Art Garfunkel performs All I Know , Scarborough Fair and Crying In My Sleep

Sketches include "Garrett Sings ’Danny Boy’," "Royal Deluxe II," "Olympia Cafe," "Sybil III," "Bad One-Man Theater," "Nutrifix", "Myopic Cowboy," "Shower Mic," "The Coneheads On Earth," "Celebrity Crack-Up," and "Jill’s Relationships." Eddie Money performed "Two Tickets to Paradise" and "Baby Hold On."

Sketches include "Kevin Scott," "Three Movie Trailers," "My Fair Lady," "Mr. Death," "Anwar Sadat," "Cold As Ice" (film), "Dell Stator’s Rabbit Hut," "Vampire Nixon," a performance by Richard Belzer, and "Mr. Bill Goes To The Circus" (film). Meat Loaf performed "All Revved Up & No Place To Go" and "Two Out of Three Ain’t Bad."

Sketches include "The Academy Awards," "Little Chocolate Donuts," "Tax Deductions-H&L Brock," "Henrik Ibsen Escape," "Nerds' Piano Lesson," "Shooting on Location" (film), "The Case of the Scarlet Membrane," "Before the Party," "Mr. Bill Pays His Taxes" (film), and "Danger Probe." Eugene Record performs "Have You Seen Her?" and "Trying To Get To You."

Sketches include "Carter's Stance on Inflation," "Angora Bouquet," "VD Caseworker," "The Judy Miller Show," "Hockey Players," "E. Buzz Miller's Exercise World," "La Dolce Gilda" (film), "Abe Lincoln in the Audience," and "Archaeologicus." Keith Jarrett performed "Country" and "My Song"; Gravity (featuring Howard Johnston of the SNL Band) performed "Yesterdays."

Live From New York, It’s... Paul Shaffer! Sketches include "Don Kirshner’s Rock Concert," "Hey You!," "Wild & Crazy Guys," "Theodoric of York: Medieval Barber," "Dancing In The Dark," "King Tut," "Extramarital Foreplay," "Swan Lake" (film), "Troff ’n’ Brew," "Nerds Science Fair," and "Next Week In Review." Jake and Elwood Blues performed "Hey Bartender" and "I Don’t Know."

Live From New York, It's... Bill Murray! Sketches include "The Paraquat Trail," "Cone Encounters of the Third Kind," "Sex Test," "Nick 'Springs'," "Annoying Lovers' Traits," "The David Susskind Show," and "Paying for Your Sins." Jimmy Buffett performed "Son of a Sailor," Gary Tigerman performed "White Oaxacan Moon," and Richard Dreyfuss performed "I Want To Be Seduced."

Live From New York, It's... Dan Aykroyd! Sketches include "Nixon Kicks His Book Around," "Nerds Go To The Prom," "Samurai TV Repairman," "Sodom Chamber of Commerce," "Olympia Cafe," "Mr. Mike's Least Loved Music," "More Insects To Worry About," "Stunt Puppy," "Bad Conceptual Art," and "The Franken & Davis Show." Sun Ra performed "Space is the Place" and "Space-Loneliness."