Obama lauds McCain's SNL Skit (Video)

McCain and Fey appeared on QVC-style set where they try to sell memorabilia from the election trail.

During "Weekend Update," McCain tells Seth Meyers, "And while I am confident that we will emerge victorious, I'm also considering a few radical last-minute strategies." One of them: The Sad Grandpa. "That's where I get on TV and go, 'C'mon, Obama's gonna have plenty of chances to be president! It's my turn! Vote for me!'"

NBC estimated a little fewer than 12 million people saw the show. Palin's appearance three weeks ago drew 15 million.

Obama complimented McCain and said he found the skit rather funny.

"We can argue and debate our positions passionately, but all of us have to summon the strength and grace -- and the humor -- to bridge our differences and unite us in common effort," he began. "John McCain was funny yesterday on Saturday Night Live, but that's part of what our politics should be about, being able to laugh at each other, but also laugh at ourselves, being able to understand that all of us black, white, Hispanic, Asian, Native American; Democrat ad Republican, young old, rich and poor, gay, straight, disabled, non disabled – all of us are in this together."

Watch the skit below: