What do you do when you are young, rich and famous? You buy a ferry boat!

Saturday Night live comedians Colin Jost and Pete Davidson teamed up to buy a recently decommissioned Staten Island Ferry. Why would they want to buy a boat that the city deemed in poor mechanical condition? Is it nostalgia, business or perhaps a little of each?

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The iconic John F. Kennedy ferry was decommissioned and then placed up for auction via PublicSurplus.com. Davidson and Jost won the bidding at just over $280,000 and have plans to turn the boat into a comedy club. How cool it must be to be able to purchase the same ferry the 2 comedians traveled on many times over the years.

This past Saturday night, Davidson joined Jost on "Weekend Update" to poke some fun at themselves.

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