Ep 1. Michael Phelps/Lil Wayne

In the season 34 premiere of Saturday Night Live, Olympic swimmer Michael Phelps and rapper Lil Wayne take the stage as the host and musical guest, respectively. The episode opens with a sketch that pokes fun at the presidential election, with Tina Fey and Darrell Hammond returning as Sarah Palin and John McCain, and introducing the new Republican candidate for Vice President, Joe Biden (played by Jason Sudeikis).

The standout sketch of the night is a parody of the "Weekend Update" segment, featuring Phelps as a special correspondent. Phelps's deadpan delivery and lack of comedic timing make for a hilarious contrast to the rapid-fire one-liners of Seth Meyers.

Other sketches include a game show called "The Miley Cyrus Show," where Vanessa Bayer portrays a ditzy version of the pop star, and a mock commercial for a new brand of Canadian whiskey, featuring Fred Armisen as a stereotypical Canadian ("Sorry!").

Lil Wayne's musical performances include his hit single "Lollipop" and a medley of "Got Money" and "A Milli." In between songs, he also appears in a skit as a guest on a talk show called "Fire and Ice," where he expresses his love for figure skating and his desire to compete in the 2010 Olympics.

Overall, the episode is a solid start to the 34th season of SNL, with Phelps and Lil Wayne both stepping out of their comfort zones and proving to be surprisingly adept hosts. The political and pop culture references hit their mark, and the wild, offbeat humor that SNL is known for is in full force.