Alec Baldwin to Play Donald Trump on 'SNL,' Margot Robbie & Kate McKinnon Throw Epic Dance Party in New Promo

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Alec Baldwin is coming back to Saturday Night Live, and he's bringing his pitch-perfect Donald Trump impression with him.

To capitalize on this heated election season, the live sketch series is pitting the Oscar winner's Trump against recent Emmy winner Kate McKinnon's celebrated Hillary Clinton impression, and it might be the only good thing to come out of this entire run for the White House.

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Baldwin, who has hosted the long-running comedy program a record 16 times, will likely star in the cold open at the start of the show's season 42 premiere on Oct. 1. It's almost a guarantee that the sketch will lampoon Trump and Clinton's recent presidential debate.

NBC released a promo on Wednesday teasing Baldwin's appearance as the divisive and controversial business mogul, showing the 58-year-old star donning bushy white eyebrows, a voluminous wig and orange makeup as he gets ready to take on his political rival.

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While Baldwin will be guest starring as Trump, Suicide Squad star Margot Robbie is the premiere's guest host, along with musical guest The Weeknd.

SNL also dropped a promo for the season premiere with Robbie and McKinnion, where the two actresses shared a few glasses of wine, dished on who they were voting for, admitted to having crushes on raccoons, and then threw an epic, two-woman dance party!

WATCH: Kate McKinnon's Emotional Emmy Acceptance Speech Steals the Show: 'I'm Really Crying!'

NBC also announced on Wednesday that Hamilton creator and star Lin-Manuel Miranda has signed on to host the second episode of the new season on Oct. 8, joined by musical guest Twenty One Pilots.

SNL is returning for their new season after a surprising cast shake-up during the hiatus, with the departure of longtime cast members Taren Killam and Jay Pharoah as well as newcomer Jon Rudnitsky, who had only been with the show for one season.

WATCH: 'Saturday Night Live' Adds Three New Cast Members for Season 42 -- Meet the Fresh Faces!

Meanwhile, the show promoted staff writer Mikey Day to the role of featured player, and signed on improv comic Alex Moffat and stand-up comic Melissa Villasenor, who was a semi-finalist during season six of America's Got Talent in 201, to make their on-screen SNL debuts this season.

Baldwin's Trump will likely be more warmly received than the actual Donald Trump, who enraged viewers once again during Monday's presidential debates when he doubled down on his negative rhetoric against Rosie O'Donnell, causing many to come out and show the actress their love and support in the face of his hateful remarks. Check out the video below to hear more.