The comedians previously played the roles on their sketch-comedy series "Key & Peele," which ran 2012-15.
Thursday's skit featured a composed Obama [played by Peele] sitting in a chair and giving a televised, farewell address, while Luther [played by Key] gets increasingly excited and paraphrases what the outgoing commander-in-chief really means.
"I've told Luther that he can join me for this last address, but that his being on his very best behavior is crucial to healing the divide in this country," Obama said.
"Keep it chill, Luther. Go against every natural instinct in your body," Luther reminded himself.
"Since we last spoke, the country has voted for a new president," Obama continued.
The camera then focuses on Luther, who struggles to control his emotions for a few beats, before yelling, "Trump?"
Jumping up and down, Luther wonders aloud: "How did this happen, man? ... Y'all are going to vote for the dude who is going to make America hate again? Don't you understand? This is how The Hunger Games starts!"
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"It was a close election, but the people have spoken," Obama kept going.
"They voted for Hillary Clinton, but then this outdated, electoral college mumbo-jumbo, voodoo bull[expletive...]" Luther yelled.
"It's more imperative than ever that we move on as a country united," Obama emphasized.
"United in the fact we can't [expletive] stand each other," Luther said.
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