There's no fucking punchline, they're literally just recapping the premise of the show through a modern-era country song with hip-hop influences (the worst legacy of Old Town Road) and occasionally saying something about South Korea not being America. I hate it
I genuinely don't understand why anyone watches snl. It seems like everything they produce is not just stale, its so painfully unfunny I would pretty much rather get stung by hornets than have to watch a single segment