‘SNL’ hilariously recapped the Will Smith slap, saying despite Jada and Will talking about just about everything in their lives, most people didn’t know she had alopecia … equating it to Kanye getting upset because people didn’t know he had psoriasis. (FYI … he doesn’t!).

Colin Jost and Michael Che were hysterical during “Weekend Update.” As for Will’s 10-year banishment from Academy events, they noted Will can still get nominated and even win another Oscar. As Jost put it … “He just doesn’t have to attend the four-hour ceremony where someone is definitely going to make fun of his wife again.”

Che told a super-funny joke about equivalency … him going out in frigid weather and noting that it’s cold out, triggering people who heard him become outraged … well, watch why — it’s great!