Live” is having a 50th anniversary, and things are happening. Jason Reitman’s backstage dramedy “Saturday Night,” released last year, is

The outlet reported that “SNL” will return with a new episode on Saturday, Feb. 15, one day before the three-hour “Saturday Night Live 50th Anniversary Special” is set to air.

The new episode will air at 11:30 p.m. ET on NBC. Those without cable can watch the show for free through FuboTV or DirecTV Stream each offering a free trial to new users. Sling is another option for streaming the show, and promotional offers are available.

Kenan Thompson has the honor of being Saturday Night Live’s longest-tenured cast member, with 22 seasons under his belt. In this week’s PEOPLE issue, the comedian, 46, calls working on NBC's late-night sketch variety series “hands down” the best job in television.

The highly entertaining Ladies and Gentlemen gets into the best and most controversial musical moments from 50 years of SNL history. But what about the dregs?

Leslie Jones, Kate McKinnon, Seth Meyers, Molly Shannon, Kenan Thompson and Bowen Yang sit down with PEOPLE to talk about how they got to Studio 8H, their biggest laughs on the show and how hard it wa