The famous friends opened the show with a rap medley — which they've perfected on Late Night — about wrapping presents. It's a "wrap rap" that brings back Timberlake's popular sketch in which he dresses as a dancing mascot on a street corner to shill for a business.
Fallon held his own in the musical department during his monologue. The future Tonight Show host came out to a stage with four microphones, which were supposedly meant to be occupied by David Bowie, Bob Dylan and Paul McCartney, who were all unfortunately held up in traffic. How did Fallon make up for their absence? In the most creative way possible:
Performing the Barry Gibb Talk Show sketch for the first time since Robin Gibb's death last year, Fallon and Timberlake, who plays the late Gibb brother, were joined by guest stars Madonna and the real Barry Gibb himself.
Timberlake brought out his Fallon impersonation to a Family Feud sketch that saw celebrities from CBS and NBC going head-to-head:
The ladies of Saturday Night Live stole the spotlight in the music video "(Do It On My) Twin Bed" in which they describe the drawbacks of going back to their childhood homes for the holidays with their significant others:
Check out how the Kardashian family celebrate the holidays with Kanye West:
And finally, Fallon and Cecily Strong do a duet of "Baby It's Cold Outside," but when Fallon seals the deal half way through the tune, the lyrics take an interesting turn:
Saturday Night Live returns Saturday, Jan. 18 with host and musical guest Drake. What did you think of Fallon and Timberlake's episode?