Pete Davidson Gives SNL’s Colin Jost $20,000 Gift After Addressing Feud Rumors

Here’s a weekend update on Pete Davidson and Colin Jost‘s friendship.

After shutting down rumors of a feud in January, Pete gifted his former Saturday Night Live costar—and fellow Staten Island native—a $20,000 watch from Cartier, a source close to the situation confirmed to E! News.

Of course, that price tag is nothing compared to the $280,100 the two—along with The Stand comedy club founder Paul Italia—dropped on a decommissioned New York ferry boat in 2022.

“It’s the biggest one, it’s like a 5,000-seater,” Pete shared during a January appearance on The Tonight Show Starring Jimmy Fallon. “Initially, they were going to turn it into scrap—and me and Colin were like, ‘That sucks. We rode on that ferry.'”

They placed a successful bid on the watercraft with plans to convert it into an entertainment venue. However, Colin has called it the “dumbest and least thought-through purchase” in the years since the purchase.

So, what’s happening with the boat now?