The host for the episode is Howard Hesseman, and the musical guest is Randy Newman (his third appearance). The skits for this episode are as follows: An Arabic family moves to a wealthy neighborhood in southern California to become the Bel Arabs. During the Weekend Update, Jane Curtain reports on Ted Kennedy's relationship with his wife, the worsening oil crisis, Steve McQueen's high salary demands and the deadly riot at a Who concert, Chico Escuela reports on the sports news while bemoaning his recent accusation of having impregnated a teenage girl, and Al Franken lauds the end of the Me Decade, hoping the 80's will become the 'Al Franken' decade. Other skits include great moments in rock and roll, personal growth, DJ Steve Marvin, the Nuclear Family, and Holiday Inn horror. Randy Newman performs "It's Money That I Love", "Pants" and "The Story of a Rock & Roll Band".
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