Pete Davidson and Colin Jost Address Discuss Buying Staten Island Ferry on 'SNL'

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'SNL' took aim at itself Saturday night, poking fun at Pete Davidson and Colin Jost for sinking several hundred thousand dollars into a boat ... and it was hilarious.

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at auction ... it was part of the Staten Island Ferry fleet. They ponied up $280,000 for the vessel, and plan to rehab it ... then turn it into a club that will be docked somewhere in NYC.

As you may know, both Colin and Pete are Staten Island guys ... he rode that same ferry to NYC when he was performing standup, and Colin took the ferry back and forth when he was attending high school in Manhattan.

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Omg this is staten islands Ozark?!?!

'I heard he was firing shots back at mr. kanye west subliminally calling mr. kanye west A FERRY with the boat purchase! 😆'

Wow

Snl and hilarious doesn’t happen anymore

hasn't been funny in decades

SNL been mid for 30 years

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