Welcome to the Five-Timers Club! Justin Timberlake gets inducted as he joins Steve Martin, Alec Baldwin and Tom Hanks while hosting SNL

By Bianca Carneiro

PUBLISHED: 02:13 EST, 10 March 2013 | UPDATED: 03:38 EST, 10 March 2013

For Justin Timberlake, the fifth time is the charm.

The Suit and Tie singer put on both his host and musician cap as he took the stage at Saturday Night Live for the fifth time on Saturday night.

The 31-year-old is one of the youngest to do so, and played to that honour in his opening monologue.

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The host with the most: Justin Timberlake returned for the fifth time as host of Saturday Night Live on Saturday

Exclusive: Justin shows off his new members card for the 'Five Timers Club'

The Social Network actor won four Primetime Emmys for his previous appearances on Saturday Night Live and judging from the constant shrieks from the audience, continues to be a fan favourite.

'There are so many exciting things about hosting five times,' Justin said.

'You get to see old friends, you get to try new things. You get to inevitably let every down due to incredibly high expectations - thanks Internet,' he quipped. 

Eager to join: The 31-year-old left his monologue to take a peek inside the club

Gang's here: The former 'NSyncer is welcomed by Paul Simon and Steve Martin

Multi-talented: Steve bested Justin's claims of being a multi-talented star with his unmatched banjo skills

But as much as he joked, the singer played into those expectations as well - starting the hashtag #JTonSNL on Twitter and Instagram earlier in the week and posting preview snaps from rehearsal days before.

Then he introduced the audience to a little known SNL clique called the 'Five-Timers Club,' which awards its members with a gold card.

'In case you don't know, this is the most exclusive club in New York,' he assured, before providing the audience with a peek inside the club.

Bar hop: Steve directs Justin to the bar, which is being manned by former SNL castmember Dan Aykroyd

Working actor: Despite being on the first cast, Dan had only hosted once, making him a non-member of the club

He walks off stage to a secret room, where he is instantly given a smoking jacket with the number 5 emblazoned on the chest - and greeted to the tunes of Paul Simon.

The Simon and Garfunkel frontman then introduces Justin to the other members - which included a pipe-smoking Steve Martin, a bartending Dan Aykroyd, Chevy Chase, Martin Short, Tom Hanks, Alec Baldwin and Candace Bergen.

'Welcome to the club old boy,' 14-time host Steve Martin jeered. 'I always thought if an 'Nsync member made the five timers club it would be Joey Fatone.'

And when Paul introduced Justin as being able to do everything, Steve scoffed when Justin announced he couldn't play the banjo - which Steve does as part of his band,  the Steep Canyon Rangers.

'Oh, so not everything,' the comedian proudly proclaimed.

The whole gang: The skit featured SNL favourites Steve Martin, a bartending Dan Akroid, Chevy Chase, Martin Short, Tom Hanks, Alec Baldwin and Candace Bergen

VIDEO: Watch Justin's opening monologue -- including the 'Five Timers Club' skit

Steve then led Justin through the club, sending him off for a drink at the hand of former SNL castmember Dan Aykroyd.

'Danny here is a bartender - it's the best he could do only for hosting once,' Steve said, putting the Blues Brothers actor in his place.

'But he was part of the original cast, that must count for something,' Justin kindly offered.

With a pat on his shoulder, the pretentious Steve Martin laughed off Justin's charming comment.

Danny then handed Justin a Kristen Wigg inspired drink - replete with a wig from her Gilly skits.

Here's Chevy: Former castmember Chevy Chase was also on hand

Bad service: Martin Short works at the club as a waiter

Next the pair were off to visit the Hall of Portraits, which featured other multiple time hosts including paintings of five-time host Drew Barrymore and 12-time host John Goodman - and a real life Chevy Chase.

The former castmember who has hosted nine times joked about his generally stand-offish personality, including a jab that he chooses to keep away from Steve Martin.

Justin asked for clarification: 'Are you guys friends or not?'

'Exactly,' Steve piped in.

Three amigos: Justin makes the connection that the actors had all starred in the 1980s comedy The Three Amigos

Reliving the past: Martin Short was the only one to act out the trio's famous salute

That's what we wanted to see: The trio later dressed at the Three Amigos to introduce Justin's performance

Strolling in to break-up the tension was server Martin Short, dressed in a red waiter's coat and carrying a tray of hours d'oeuvres.

But before the crew can take a bite, Martin Short sneezes all over the snacks - even getting some smudge on Steve Martin's face.

And then, Justin has a moment of brilliance.

'Oh my God, I just realised I'm standing next to the Three Amigos,' he proclaims to a large cheer from the audience.

He then asks them to do the salute, and as Steve and Chevy scoff at the prospect, Martin Short jumps at the chance to relive his role as Ned Nederlander in the 1980s comedy.

The big boys: In stroll Tom Hanks and Alec Baldwin, both multiple hosts of the show

Top dogs: Alec is second to Steve Martin, hosting the show 13 times

After the awkward moment, into the frame walks Alec Baldwin and a mustached Tom Hanks.

The pair offer to show Justin the ropes, telling him that he should be honoured to be so young - just 31 - and already a member of the prestigious club.

'Unlike us, the young cast has to scrap and claw for the chance to be on the show,' Tom narrates as current castmembers Taran Killam and Bobby Maynihan wrestle in tattered clothes. 

Young Justin: The pair congratulated Justin on being the youngest member of the club

The usual: Alec and Tom watched as younger castmembers engaged in a battle to the death

Fierce competition: Alec and Tom claimed that the fight is the only way for castmembers to be well cast

'It's all in good fun,' Alec assures a frightened Justin as Bobby delivers a deadly punch.

'I killed my friend,' he weeps as Tom offers him a congratulatory beer.

'I remember when I put on the jacket so long ago,' Alec waxed on. 'I was a different man then. No sudden fits of rage.'

He pauses for Justin's laughter, only to snap at him for laughing at a non-joke.

Leading lady: Candace Bergen entered as the only female in the club

Little to say: Candace made a quick joke about the men not leaving the toilet seat down

Cutting the tension was the a female member of the club in the form of fellow five-time host Candace Bergen, making a simple joke about men not leaving the toilet seat down.

'This place is the best! I love being a five-timer,' Justin weighed in, capping off the star-studded skit.

And while the rest of the legends scattered off, Dan Aykroyd and Steve Martin ran backstage to change into costume, reprising their roles as the Wild and Crazy Guys for a Dating Game inspired skit called 'It's a Date' later in the show.

It's a date: Steve Martin and Dan Aykroyd returned as the Wild and Crazy Guys in a dating game skit

Crowd pleasers: The pair drew a large cheer from the crowd as they reprised their characters

The duo vie for the heart of a coy nurse, played by Vanessa Bayer in a blonde wig.

Unable to even act as competition is a shy Bobby Moynihan, who plays a simple architect.

'Oh I'm going to lose,' he quickly admits.

Competition: Also playing on the dating game were Andy Samberg and Justin Timberlake from their Lonely Island skit 'D**k in a Box'

Slow jams: The pair sang back all their replies

But with 'pipes as smooth as baby butt lotion,' the audience is introduced to Justin Timberlake and Andy Samberg as their popular characters from the Lonely Island skits 'D**k in a Box' and 'Motherlover.'

They speak only in slow jams, offering to take their date on a ride in a PT Cruiser and assuring her that women can't get pregnant during the season of Summer.

Funky foursome: In the end, both duos took the stage for a dance session

Lucky lady: The skit launched a star-studded night

But the groovy brothers from Czechlovakia are revealed, and all sorts of wild times ensue.

'Your swinging dream dates have finally arrived for you!' Steve Martin yells, shimmying his thin hips.

'Get ready to take a hike, because we're two wild and crazy guys!'

The old timers easily win over the audience - and the heart of the young bachelorette Judy - who pulls the foursome out for a dance as the newly branded 'Four Wild and Crazy Guys.'

Big celebration: The episode featured one of the biggest reunions of former castmembers, musical guests and hosts

Reunited: The members of the Five Timers Club posted a snap with SNL creator Lorne Michaels