The greatest political pantomime from 2008 rode again on Saturday night with writer and actress Tina Fey taking the Saturday Night Live stage once again to reprise her role as former half-term Alaska Governor Sarah Palin, with expectedly hilarious results.

Appearing to kick start a fresh beginning for the one-time vice presidential nominee, Fey sarcastically announced the launch of the Sarah Palin network: a television station controlled by the Alaskan "barracuda" herself.

The skit featured shows such as 'Todd!', in which Palin's husband plays an Alaskan ski cop who gets transferred to New York City; 'Are You Smarter than a Half Term Governor?', 'Hey Journalist, I Gotcha' and finally, in a sly nod to the former NBC talk show host, 'The Tonight Show with Jay Leno'.

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The sequence featured a re-edited interview between Fey's Palin and CBS television news anchor Katie Couric, where Palin pretends it is her who has caught the reporter "woefully unprepared" for their discussion.

"So, there ya have it: all Palin, all the time, until 2012, when, I haven't decided what I'm gonna do but, I'm probably gonna run for president," Fey said.

"I'm Sarah Palin!" she declared before glancing down at her left palm. "Goodnight!"

"Fey made four appearances in 2008 as Palin, earning her an Emmy last year for guest actor. She was also voted 2008's AP Entertainer of the Year," the Associated Press reported. "Shortly before the 2008 election, Palin made a cameo appearance on 'SNL' alongside Fey. Afterward, Palin said she had fun on the show and would do it again if asked."

Saturday Night Live airs Saturdays at 11:30 p.m. EST on NBC.

This video is from NBC's "Saturday Night Live," broadcast Saturday, April 10, 2010.