Tina Fey's Sarah Palin Returns to 'SNL'

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The latest Saturday Night Live featured a hilarious skit titled "GOP 2012 Undeclared Candidates Debate." Panelist-characters included Palin, Mitt Romney (played by Jason Sudeikis), and Donald Trump (a returning Darrell Hammond).

Here's Palin: 'First, I want to acknowledge that this week we finally vanquished one of the world's great villains, and I for one am thrilled to say good riddance to Katie Couric. ... I'm going to be running for president every four years for the rest of my life. It's my Olympics, and I intend to win a whole bunch of silvers.'

Other highlights: Gingrich admits he doesn't want to run for president; Trump takes credit for the bin Laden op., and Michele Bachmann winds up talking about 'boxes of excrement.' Must-viewing!

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