 The host for the episode is Buck Henry (his third appearance), and the musical guest is The Band. The skits for this episode are as follows: The land shark makes its return, pretending to be a late trick-or-treater. In his opening monologue, Buck Henry praises the cast for being able to perform so professionally in light of how absolutely messed up their personal lives are. The samurai stockbroker loses one of his clients after a string of bad advice. Baba Wawa has a joint interview with First Ladies Betty Ford and Rosalynn Carter. Garrett Morris discuss his own roots, including some famous ancestors. Ford and Carter have another debate, this time in the form of a beauty pageant. During the Weekend Update, Chevy Chase presents some campaign ads that haven t been used yet, while Jane Curtain announces that Chevy will soon be leaving the show. A warlock pitches the new Bat-o-Matic potion maker. Ambassador Thorne searches for the real parents of Damien, the son of Satan. Garrett gives a report from the grave of Houdini for the 50th anniversary of his death and sees a ghost. Mr. Mike tells a bedtime story about a little Eskimo boy who freezes to death. The Band performs "Life is a Carnival", "The Night They Drove Old Dixie Down", "Stage Fright" and "Georgia On My Mind".