Kate McKinnon, Pete Davidson Departing From 'SNL'

The transcript discusses the 48th season finale of a sketch show, highlighting the departure of key cast members including Pete Davidson, Kate McKinnon, Kyle Mooney, and Aidy Bryant. The conversation reflects on the emotional impact of these changes, particularly focusing on McKinnon's significant role. The iconic phrase 'Live from New York, it's Saturday night' is mentioned, emphasizing the show's cultural significance. The dialogue also includes a humorous farewell from Davidson, who jokes about being 'free' after receiving a sock.

What was the context of the phrase 'Live from New York. It's Saturday night.'?

What specific feelings does the speaker express about Kate McKinnon's departure?