The Rocket Man singer chases Jason Sudeikis around the studio after the US comedian claims to have stolen his sunglasses.
Sir Elton, who is hosting – and also performing on – SNL this weekend, also jokes about his own alleged catty side.
After Sudeikis calls him “one talented son of a b****”, Sir Elton quips: “You got the b**** part right.”
The 64-year-old star appears relaxed in the short promo to advertise this Saturday’s hotly anticipated show.
Wearing a black jacket and black-rimmed glasses, he stands alongside Sudeikis and reels off his lines with ease.
Sir Elton even sees the funny side when Sudeikis whips out a pair of extravagant sunglasses.
“They’re great man. Where did you get those?” he asks the Hall Pass star.
“Just in your bag,” the US funnyman laughs – before the pair chase one another around the SNL studio to the Benny Hill tune.