02/21/2012 03:46 pm ET

'Key & Peele' Pegasus Sighting Sketch Spoofs Alabama Leprechaun Viral News Report (VIDEO)

In a sneak preview of tonight's episode of "Key & Peele," we see the comedy duo spoof a viral news report about a Leprechaun sighting in Mobile, Alabama that took the Internet by storm in 2006.

Instead of a Leprechaun, we see a local news crew investigate a "Pegasus sighting" (that they incite) which quickly becomes a nearly shot-for-shot remake of the original, ridiculous news segment. Bonus: "Reno 911" star Cedric Yarbrough cameos as one of the revelers (he's dressed sort of like the "magic flute" guy in the first video) as well as Jerry Minor from "Mr. Show."

Another "I want the gold" guy is sadly missing, but we think you'll agree it hits on most of the best moments in the original video, including the "Amateur sketch."

"Key & Peele" airs Tuesdays at 10:30 p.m. EST/9:30 CST on Comedy Central