VIDEO: SNL Waters Down Oscar Winners at 'Spotlightz Acting Camp'

SNL presents Spotlightz: the acting camp for serious kids, where they can reenact scenes from The Social Network, Breaking Bad, Forrest Gump, and other critically-acclaimed shows and films. Cehck out the sketch below!

Music superstar Lady Gaga pulled double-duty as last night's host and featured musical guest.

The program has won 40 Emmy Awards and now holds the title for the most nominated television show in Emmy history with 156 nominations. "SNL" has been honored twice, in 1990 and 2009, with the prestigious George Foster Peabody Award and cited as "truly a national institution." "Saturday Night Live" was inducted into the Broadcasting Hall of Fame by the National Association of Broadcasters, and the show continues to garner the highest ratings of any late-night television program, entertaining millions each week.

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