The following is a list of recurring Saturday Night Live characters and sketches introduced between September 26, 1992, and May 15, 1993, the eighteenth season of SNL.

Nicolas Cage plays Tiny Elvis. Rob Schneider plays Sonny, Kevin Nealon plays Red, and Chris Farley plays Joe Esposito, in stereotypical "Memphis Mafia" roles. The sketch would be about a tiny Elvis Presley, with sycophantic characters laughing at any jokes he made while drawing attention to the relative hugeness of ordinary objects. Remarks about his size in relation to his cuteness elicit threats of a physical nature from the king. The sketch would end by singing "I'm Tiny Elvis!" Debuted September 26, 1992.

A parody of Larry King Live, with Kevin Nealon impersonating host Larry King.

David Spade makes professional and personal attacks against celebrities. The segment consisted of a series of sarcastic one-liners against various celebrities, whose pictures were usually shown in one of the upper corners of the screen. Debuted October 3, 1992.

Originally a section of "Weekend Update" Spade received a regular segment, Spade in America. Spade used a hand-puppet of himself to reprise this role when he returned to SNL as a guest host, stating that he didn't feel like insulting celebrities anymore, but that didn't mean that a puppet couldn't.

In one notable instance, a picture of former SNL cast member Eddie Murphy appeared onscreen and Spade exclaimed, "Look, children, it's a falling star. Make a wish!" referring to Murphy's lack of box office success at the time. This caused a major feud between SNL and Murphy. In another segment, he began to mock Steve Martin, but then Martin appeared behind him. Upon turning around and seeing Martin was there, Spade got up and ran off. Martin then sat in Spade's chair and began roasting Spade.

In 2005, Spade took this format to Comedy Central and made it the featured segment on his weekly program entitled The Showbiz Show with David Spade.

An Adam Sandler sketch. Debuted October 24, 1992.