The host for the episode is Tim Curry, and the musical guest is Meat Loaf (his second appearance). The skits for this episode are as follows: The Texxon Corporation warns viewers that the SNL writers will end up like Karen Silkwood if they don't back off. Mick Jagger talks with fellow music superstars Barbara Mandrell, Frank Sinatra, and Buckwheat. The Reagans must deal with Ronald's illegitimate son. Frank gets more advice from his Papa. Tim Curry and Meatloaf team up to open a One-Stop Rocky Horror Shop. Dan Rather muses on what might have happened if Reagan had survived his assassination attempt. Tim Curry performs "The Zucchini Song" and Meatloaf & The Neverland Express perform "Bat Out of Hell" and "Promised Land".
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