Kenan Thompson and Jay Pharoah playing fashionable rappers, Suede and Fort Knox (Photo : Screengrab)

In a hilarious skit on last week's "Saturday Night Live," the show's Kenan Thompson and Jay Pharoah and special guest Joseph Gordon- Levitt star as fancy fashion loving rappers on a talk show called, "The Finer Things."

Much like today's hip-hop heavyweights, the characters were self-proclaimed fashionistos. The leopard print clad host, Pharoah, sipped on champagne while Thompson dished on their new fashion line. Gordon-Levitt enters the scene wearing a baseball jersey and a fabulous scarf. The trio engaged in discussions about luxury, fashion week, and a special Marc Jacobs purse. Of course, being the "hard core" rappers that they are, they banter about all things fabulous in a gruffly and gangster manner.

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Kanye West and Jay-Z are hip-hop's most fashionable leaders. In their collaborative album, "Watch the Throne," the duo rhyme about Jean-Michel Basquiat, Maison Martin Margiela, and supermodels - not to sleep with but to hang with - and owning luxurious items.

Watch the hilarious yet truthful parody of today's rap stars.