After months of anticipation, the 50th season of "Saturday Night Live" reaches its climax tonight with an extravagant three-hour live special. This milestone event brings together a star-studded lineup of former hosts, cast members, and musical acts who have shaped the show's legacy over the decades. The celebration promises to be a nostalgic journey through the history of this iconic comedy series, highlighting its deep connections to both New York and Chicago's vibrant comedy scenes. Red carpet coverage kicks off at 6 p.m., setting the stage for what promises to be an unforgettable evening.

The festivities come just days after "The Homecoming Concert," a tribute held at Radio City Music Hall in New York. This concert featured a blend of classic performances and modern twists that paid homage to SNL's rich musical heritage. One of the most talked-about moments was Post Malone's rendition of Nirvana's "Smells Like Teen Spirit," backed by surviving band members Dave Grohl and Krist Novaselic. This performance echoed the original groundbreaking appearance of Nirvana on SNL in 1992, which catapulted the grunge band into national stardom.

In another highlight, Fred Armisen, Sarah Sherman, and Bowen Yang joined forces with the B-52s for a lively rendition of "Bang Bang!" alongside "Love Shack." The night also saw Will Ferrell and Ana Gasteyer reprising their beloved middle-school music teacher personas, delivering humorous covers of contemporary hits like Kendrick Lamar's "Not Like Us" and Megan Thee Stallion's "Body."

Adding to the nostalgia, Bill Murray donned his lounge singer persona as "Nick Valentine," serenading the audience with Marvin Gaye and Tammi Terrell's timeless classic "You're All I Need to Get By." Murray's performance, accompanied by Cecily Strong, Maya Rudolph, and Gasteyer, brought a touch of old-world charm to the proceedings. The concert, streamed live on Peacock, remains available for those who missed it.

As the curtain rises on tonight's special, fans can expect a night filled with laughter, music, and heartwarming tributes. The event promises not only to celebrate the past but also to look forward to the future of this enduring institution. With so many surprises in store, one thing is certain: "Saturday Night Live" is set to deliver an evening that will be remembered for years to come.