The actress dropped in for the new 'Weekend Update' to play a terrified Goop salesperson.
The segment began with the return of Heidi Gardner's recurring character, Baskin Johns, a Goop staffer who cannot overcome her nerves when it comes to selling the company's famously extravagant products.
In a fit of fear over failing, she brings on her own boss, Fifer James, played by Paltrow, and the pair nervously try to sell Goop products while fearing the wrath of their main boss (who would be, in real life, Paltrow herself).
"I need your help, because I'm really afraid that Gwyneth's gonna fire me," Baskin stammered.
"No, she doesn't believe in firing, remember?" Fifer replied. "It's called conscious unemploying.
Together the pair stuttered and nervously balked at trying to sell Himalayan Salt Rub, with Fifer unhelpfully describing salt as "angry sugar," before Michael Che finally asks, "What does Goop even stand for?"
Together, in unison, the pair explained, "Gwyneth Opens Our Paychecks."
This weekend also marked Idris Elba's first time as a Saturday Night Live host, and the actor told ET on Sunday that Paltrow's appearance "was a surprise" even to him!
ET caught up with Elba at the New York premiere of his new film, Yardie, and he marveled at getting the chance to host the acclaimed sketch comedy series.
"It was great. It was a really great experience," Elba said. "The whole night was great."
The star also reflected on his new film, Yardie, which served as Elba's directorial debut, which he said he been "working on [for] maybe seven years."
"Its good to have it in the states," Elba shared. "It opened at Sundance and now, you know, opening it in the Caribbean Film Festival here was incredible. It's a great experience. I'm so excited for it."
Yardie opens in theaters March 15.
Saturday Night Live airs Saturdays at 11:30 p.m. ET, 8:30 p.m. PT on NBC.