Some say imitation is the highest form of flattery. If that is actually true, then "Saturday Night Live" loves TODAY's Kathie Lee Gifford and Hoda Kotb.

During last weekend's episode, the show poked fun at the ladies of the fourth hour and Hoda's "imaginary boyfriend" during a recurring sketch starring Kristen Wiig and Nasim Pedrad. Kathie Lee's former co-host Regis Philbin even dropped by.

TODAY

This isn't the first time Hoda's love life has been a punchline – but the ladies took it all in stride. 

Did you miss it? Watch the sketch and their reaction to it during this morning's chat below.

And for the record, Kathie Lee would like you to know: "I have met Jay. He exists. He is a sweetheart." In fact, he's been an occasional guest on TODAY!

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