I have watched Saturday Night Live on and off since the 90s (Farley, Sandler, Hartman era) and have watched episodes from the original Not Ready For Prime Time Players (Akroyd, Radner, Belushi) and from the Eddie Murphy era. When it comes to the political satire, that show is spot-on. Usually the Cold Open and Weekend Update segments are the funniest for each episode. Don't really have one favorite sketch but my favorites (see below) feature the late, great Chris Farley.