"The war on Christmas is over," announced Baldwin's Donald Trump in the show's cold open. "It will soon be replaced by the war with North Korea," he joked.
Baldwin declared he has had an "amazing year in office, the greatest year in the history of America and maybe the entire planet earth."
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"Rest in peace," responded Cecily Strong's Melania Trump.
"Just in time for Christmas, we're about to give Americans the biggest, fattest tax cut they've ever seen. It might even make me a real billionaire. It's my greatest achievement," continued Trump in his Christmas annoucement.
Trump's daughter Ivanka, played by Scarlett Johansson, then stopped by to help decorate the family's Christmas tree.
Trump greeted his daughter by asking where her husband Jared Kushner was. "He's packing a go bag before the FBI arrives," she explained. Then Ivanka pulled out ornaments to hang on the tree – one of Roy Moore and one of Steve Bannon.
While hanging the Roy Moore ornament, Ivanka joked, "There's a special place in hell and we're all there."