While gold medalist Michael Phelps is getting his comedic feet wet as host on Saturday Night Live’s season opener this weekend, he’ll be sharing the limelight with Barak Obama who is readying for his second dip in the SNL pool. Obama appeared last November, playing himself during the opening skit involving Amy Poehler as Hillary Clinton.  Set at a Halloween party, Obama came dressed as—Barack Obama!

"I have nothing to hide," he said in the sketch. "I enjoy being myself. I’m not going to change who I am just because it’s Halloween." 

Details of Saturday’s skit are still being worked out, an Obama spokesperson told People magazine.

Update:  Woops!  Cancelled, due to Ike.