The 'Saturday Night Live Elon Musk Announcement' memes began in April 2021 following the divisive news that the billionaire would host the legendary sketch show. The template utilizes the show’s traditional corkboard announcement format, which features the host and musical guest's names on colored index cards. Social media users immediately began parodying the graphic to express skepticism, excitement, or pure absurdity, often referencing Musk's obsession with Dogecoin or his controversial public persona. These memes remain a popular way to comment on corporate influence in entertainment and the 'cringe' factor often associated with tech moguls entering the comedy world.