"Live from New York, it's Saturday Night!" is a famous phrase typically featured on the American sketch comedy show Saturday Night Live, which runs on the NBC broadcast network. It is generally used as a way to end a cold opening sketch and lead into the opening credit montage.

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During the show's first season, the show was known simply as NBC's Saturday Night because ABC was broadcasting a program titled Saturday Night Live with Howard Cosell. Thus, the phrase for NBC was worded differently than ABC’s program. The phrase was kept intact even after ABC's SNL was canceled and NBC's Saturday Night adopted the SNL name for itself.

The phrase is typically spoken by one or more of: a host, cast member(s), and/or the musical guest. It has been exclaimed in every season except one (the 1981–1982 season, the first full season with Dick Ebersol as producer, except the October 31, 1981 episode). It was first said live on air by Chevy Chase, on SNL's first show on October 11, 1975. For all but two of the first season's 24 episodes (Garrett Morris when Richard Pryor hosted and Gerald Ford when Ron Nessen hosted), Chase delivered the phrase after a pratfall of some kind. Even when the show is not aired on a Saturday—such as the Saturday Night Live Weekend Update Thursday specials aired from 2008 to 2012, and again in 2017—the traditional line is used.

The person delivering the phrase usually breaks character and the fourth wall, in that the phrase is normally not spoken to other cast members as part of the regular dialogue in the opening sketch. Instead, the person suddenly turns (if not already facing downstage) and delivers the phrase directly to the audience and the camera with a full-throated shout. At the same time, the camera zooms in for a tight close-up shot of the person's face, followed by a dissolve or slam cut to the show's opening montage and titles. In other sketches, when the phrase is delivered by multiple cast members, the camera usually zooms out as they shout the line.

The line has occasionally been given to a non-host/non-cast member for cameo purposes. This could be for stars like Brad Pitt^[1] and Dwayne "The Rock" Johnson,^[2] or for more unusual celebrities like Ron Darling, Monica Lewinsky,^[3] Who Wants to Be a Millionaire winner John Carpenter, WWE chairman Vince McMahon (on March 18, 2000), Mayor of New York City Rudy Giuliani (on September 29, 2001, two weeks after the September 11 attacks),^[4] Carolyn Kepcher (on April 3, 2004),^[5] Al Sharpton (on November 2, 2013),^[6] Jason Aldean (on October 7, 2017, after paying tribute to the lives lost in the 2017 Las Vegas shooting and to the late Tom Petty),^[7] and Stormy Daniels (on May 5, 2018). Guest choristers said the line after singing on December 15, 2012, in the aftermath of the Sandy Hook elementary school shooting, but read it in a more restrained tone.