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Pete Davidson and Colin Jost turned their infamous Staten Island Ferry drama into comedy gold on "Saturday Night Live" this weekend ... poking fun at the "money-losing fiasco" that's been haunting them since 2022.

The duo, who bought the decommissioned ferry with plans to turn it into a floating entertainment venue, reunited at the "Weekend Update" desk, and Pete wasted no time roasting their investment. "So yeah, in case you're wondering why I had to do a show in Saudi Arabia ... we're losing millions on this ferry," he joked.

Pete, who's expecting his first child , added, "I assume that's what the article says; I can’t spend $5 on a paywall when I got a kid on the way." He also quipped, "I'm just excited to be a dad and give it all the energy

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