For your reference purposes.
Begin transmission.
(That’s one small step for man, one giant leap for-)
My pants!
Boys and girls!
I think you’ll find
That my pants
Will blow your mind.
Look at my pants
With the eyes in your face.
My legs are covered
In outer space.
Space pants!
Space pants!
I
Am wearing
Space pants.
Space pants!
Space pants!
My pants are
Space pants.
Do you see my pants?
No wait! You missed them.
My pants are a tour
Of the solar system.
When I say “space,” you say: “pants.”
Space! (What?)
When I say “space pants,” you say:
“are intergalactic space pants.”
Space pants! (Are intergalactic space pants.)
Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes!
Hey! You there in front!
Stop talking
During my song.
It’s very rude.
Now joining me on stage
for my grand finale
Is my extremely close friend
Gwen Stefani.
Ladies and gentlemen,
I’m happy to report
My friend Gwen Stefani
Is wearing space shorts.
People on Earth.
Hear what I say.
My shorts are from a galaxy
Far, far away.
Asteroids, comets,
Meteors.
My shorts boldly go
Where no shorts have gone before.
Space shorts!
Space pants.
Space pants!
Space shorts.
Space pants!
Space pants.
Space pants!
Space pants!
Jmunney's Blog 
Apr 10, 2016 @ 08:34:27
Omg! Whoever wrote this,TOO funny. And the total commitment to this skit by all the actors? Priceless. SNL Classic. Thank you!
Apr 17, 2016 @ 10:39:08
Who wrote this skit and the song?!!!
Apr 17, 2016 @ 17:44:33
It looks like it was Streeter Seidell and Mikey Day: http://twitter.com/mikeryan/status/716477213210750976
May 01, 2016 @ 10:00:12
LOL unbelievable!
May 10, 2016 @ 19:28:29
I am signing off on all me emails as SPACE PANTS. FYI, I have space shorts, space pants, and space shoes, and genuine Moon Boots!
Jul 08, 2016 @ 02:50:12
You’ve got one line wrong.
When I say “space pants,” you say:
“are intergalactic slacks.”
That’s the correct one. You can even hear it on the cleaned up version of the song – https://youtu.be/NbknlX_548I
Jul 08, 2016 @ 16:57:44
You’re right regarding the isolated track, but in the live version, Peter Dinklage does say “are intergalactic space pants.” I’m guessing it was “slacks” in the script, and he misspoke.
Mar 14, 2018 @ 09:03:32
nice
Jun 06, 2018 @ 06:21:16
it’s “No way you missed them”
Jun 06, 2018 @ 09:58:02
Hmm, you might be right.
Mar 01, 2023 @ 20:33:06
I loved this skit so much, I laughed so hard and just can’t get enough of Peter Dinklage. He is awesome no matter what he does. How did they all keep straight faces?! They sold it!!