Lloyd Bishop/NBC
Hillary Busis
May 11, 2012 AT 02:55 PM EDT

Maybe Jimmy Fallon should make a point of inviting an ex-Saturday Night Live cast member to every episode of Late Night. Whether he’s helping Andy Samberg and Chris Parnell perform a live version of “Lazy Sunday” or riffing about fake movies with Amy Poehler, Fallon thrives when he can bounce off of another Studio 8H veteran — and last night’s chat with Will Ferrell was no exception.

During the interview, Ferrell got big laughs by claiming that he’s serving as musical guest as well as host of SNL this week — and that Usher’s name is actually pronounced “oosher.” (There are, according to Ferrell, two umlauts over the “u.”) Then he pushed the absurdity further, promising to bring back well-loved (and totally made up) recurring sketches like The Lemon Brothers and Garfy McCrungle. But the best part came when he and Fallon reminisced about the times Ferrell’s sketches fell totally flat — and the entire cast gathered behind the cameramen to “watch him eat it.”

Watch Ferrell on Fallon below — and check out Part 2 to see how loudly the audience screams when Ferrell says the word “cowbell.”

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