VIDEO: Emma Stone Takes the SNL Stage for her Third Outing as Host - All the Clips!

Last night, Emma Stone hosted SNL in one of the season's strongest episodes. Featuring a politically-charged version of High School Theatre Show and a cold open revolving around Donald Trump's tweeting habits, the episode remained focused on the current political climate, while beginning a Pivot toward the holiday season with a "Cleaning Lady Christmas Show" sketch, and a music video about a re-gifted, peach scented Christmas candle.

Since its inception in 1975, "SNL" has launched the careers of many of the brightest comedy performers of their generation. As The New York Times noted on the occasion of the show's Emmy-winning 25th Anniversary special in 1999, "In DEFIANCE of both time and show business convention, 'SNL' is still the most pervasive influence on THE ART OF comedy in contemporary culture." At the close of the century, "Saturday Night Live" placed seventh on Entertainment Weekly's list of the Top 100 Entertainers of the past fifty years.

The program has won 45 Emmy Awards and now holds the title for the most nominated television show in Emmy history with 187 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.

"Saturday Night Live," which premiered October 11, 1975, is broadcast live from NBC's famed Studio 8H in New York City's Rockefeller Center.

Check out all the clips from the episode below!