Saturday Night Live stars Davidson and Jost, along with comedy club owner Paul Italia, had plans to turn the ferry into New York City's next hottest club when they purchased the vessel. The ferry was auctioned off by New York City's Department of Citywide Administrative Services for $280,100.

In early 2022, Pete Davidson and his SNL co-star Colin Jost purchased a decommissioned Staten Island Ferry, the John F. Kennedy, for $280,100 at auction. Their ambitious goal was to transform the 277-foot vessel into a floating entertainment venue featuring bars, restaurants, and event spaces. By 2026, the project has faced significant logistical hurdles and "millions in losses," which Davidson has frequently joked about during public appearances, even jokingly renaming the ship "Titanic II." Despite the financial "fiasco," the vision is slowly taking shape; the ferry has recently hosted high-profile events, including a Nike brand activation and a Tommy Hilfiger fashion show. While it isn't yet a fully operational public nightlife hub, the duo remains committed to the project, proving that their impulsive purchase was more than just a sketch-comedy bit.