High Quality Content by WIKIPEDIA articles! Weekend Update is a Saturday Night Live sketch that comments on and parodies current events. It is the show`s longest running recurring sketch, having been on since the show`s first broadcast, and is typically presented in the middle of the show immediately after the first musical performance. One or two of the players are cast in the role of news anchor, presenting gag news items based on current events and acting as host(s) for occasional editorials, commentaries, or other performances by other cast members or guests.