Saturday Night Live celebrates 40 years in a star-studded 3-and-a-half hour live special featuring appearances from former and current cast members, past hosts and guest stars. Sketches include Justin & Jimmy Cold Open, Celebrity Jeopardy, The Californians/Buh-Bye, Audience Q&A, Digital Short: That's When You Break and Wayne's World. Justin & Jimmy Cold Open Justin Timberlake and Jimmy Fallon kick off the SNL 40th anniversary special with a musical medley featuring catchphrases from the show's 40-year history. Hosts Monologue Steve Martin, Tom Hanks, Alec Baldwin, Melissa McCarthy, Chris Rock, Peyton Manning, Miley Cyrus, Billy Crystal, Paul McCartney and Paul Simon debate over whether comedians, actors, former cast members, athletes, musicians or guys named Paul make the best hosts. The Best From The Chris Farley Show to Bronx Beat, SNL recaps 40 years of unforgettable sketches. Bass-O-Matic The Super Bass-O-Matic is back, better than ever and it's got a brand new name: Super Bass-O-Matic 2150. Celebrity Jeopardy Alex Trebek (Will Ferrell) tries his best to keep contestants Sean Connery (Darrell Hammond), Justin Bieber (Kate McKinnon), Tony Bennett (Alec Baldwin), Burt Reynolds (Norm Macdonald), Christoph Waltz (Taran Killam), Matthew McConaughey (Jim Carrey) and Bill Cosby (Kenan Thompson) in line. Auditions Pete Davidson and Leslie Jones introduce a supercut of auditions from former cast members like Gilda Radner, Bill Hader and Chevy Chase. Plus, see auditions from the stars that didn't make the cut. New York Robert De Niro introduces a supercut of sketches that pay homage to New York City. Paul McCartney: Maybe I'm Amazed Keith Richards introduces Paul McCartney's performance of "Maybe I'm Amazed." Politics Jack Nicholson introduces a look back at SNL's coverage of politics, including impressions of President George H. W. Bush, Sarah Palin, President Bill Clinton and more. The Californians/Buh-Bye The Californians (Fred Armisen, Bill Hader, Kristen Wiig, Laraine Newman, Kenan Thompson, Betty White, Taylor Swift) reunite and get some surprising news about their pool boy Craig (Bradley Cooper). Plus, David Spade and Cecily Strong bring the sketch to an abrupt end. Weekend Update with Tina Fey, Amy Poehler & Jane Curtin Tina Fey, Amy Poehler and Jane Curtin return to the Weekend Update desk and share the latest news on SNL's viewership. Weekend Update: Roseanne Roseannadanna Emma Stone answers reader letters as Gilda Radner's iconic character. Weekend Update: Stefon Edward Norton tries to share his New York City club recommendations as Stefon but Bill Hader and Seth Meyers interrupt to show him how it's done. Weekend Update – Matt Foley Melissa McCarthy plays the motivational speaker and reminds Tina Fey, Amy Poehler and Jane Curtin that being a Weekend Update anchor will not bring you jack squat. Weekend Update Retrospective SNL remembers Weekend Update anchors Chevy Chase, Seth Meyers, Dan Aykroyd, Jimmy Fallon, Dennis Miller and more. Chevy Chase Tribute Kevin Nealon, Norm Macdonald, Seth Meyers and Colin Quinn pay tribute to the Weekend Update anchor who paved the way, Chevy Chase. Marty & Beyoncé Martin Short and Beyoncé (Maya Rudolph) reminisce about SNL's musical acts with help from Garth & Kat (Fred Armisen, Kristen Wiig), Marty & Bobbi Culp (Will Ferrell, Ana Gasteyer), Opera Man (Adam Sandler), King Tut (Steve Martin) and The Blues Brothers (Jim Belushi, Dan Aykroyd). Eddie Murphy Tribute Chris Rock pays homage to Eddie Murphy, who calls returning to SNL a magical feeling. Sports Derek Jeter and Peyton Manning introduce a look back at 40 years of sports sketches, including Bill Swerski's Super Fans, Boston Teens and Yankee Wives. ESPN Classic Pete Twinkle (Jason Sudeikis) and Greg Stink (Will Forte) take a break from covering the action to advertise a feminine razor. Miley Cyrus: 50 Ways to Leave Your Lover Miley Cyrus performs a cover of Paul Simon's "50 Ways to Leave Your Lover." Audience Q&A Jerry Seinfeld fields questions from audience members Michael Douglas, John Goodman, James Franco, Larry David, Tim Meadows, Dakota Johnson and Sarah Palin. Tracy Morgan Moment Tina Fey and Alec Baldwin pay tribute to Tracy Morgan. Kanye West Kanye West performs a medley of songs, including "Jesus Walks," "Only One," and "Wolves." Films Louis C.K. introduces a compilation of SNL's short films, including Mr. Bill, TV Funhouse, The Ambiguously Gay Duo and SNL Digital Shorts. Digital Short: That's When You Break Zach Galifianakis introduces a new Digital Short starring Andy Samberg and Adam Sandler. In Memoriam Bill Murray honors the dearly departed members of the SNL family. Wayne's World Wayne (Mike Myers) and Garth (Dana Carvey) list their Top Ten Things About SNL. Paul Simon: Still Crazy After All These Years Jack White introduces Paul Simon and the Saturday Night Live band's performance of "Still Crazy After All These Years."