 The host for the episode is Martin Sheen, and the musical guest is David Bowie. The skits for this episode are as follows: A little girl keeps finding increasingly scary things hiding in her bedroom, but her parents explain away each one of them and yell for her to go to sleep. Advertisements pitch Le Shoe shoes, Martin Sheen hairspray, Foreveready batteries and the Minolta AM-3 camera. During the Weekend Update, Jane Curtain reports on the Reagan election campaign, Canadian PM Joe Clark s political troubles, the health risks of late-pregnancy sex, and an investigation into price-gouging by the oil companies, Bill Murray reviews new movie releases, panning films made by recent SNL alumni. Other skits include striking teachers, first love, criminals, and a revision of Freudian theory. David Bowie performs "The Man Who Sold the World", "TVC-15" and "Boys Keep Swinging".