Ok, so by now we all know about the Michael Phelps situation. All the crazy hype surrounding it was pretty silly from where I'm sitting. The included video seems to be one of the more rational rants on the subject I've seen, and it comes from Seth Meyers at the Weekend Update desk.
He tackles the issue of Kellogg's pulling their sponsorship of Phelps and his suspension from the U.S. National team for 3-months.
I don't watch the show anymore. Like my strategy for the Oscars, I just wait for the good sketches to filter to me through the vast labyrinths of the Internet.