Hosting The Iggy Show, McKinnon adopted the thick Australian accent, joking with Jay Pharoah as T.I.
"T.I. isn't rap so fun?" she exclaimed in a chipper tone.
She also introduced rival rapper Azealia Banks (played by Sasheer Zamata), declaring, "You know what else is fun? Feuds! I'm in a new feud like every day. Azealia welcome! Oh my God, you're so mad at me. Our feud is so hip-hop."
Things get really interesting when Iggy introduces her rapper cousin "Rafty Drones" played by guest host Chris Hemsworth.
Watch the clip and tell Us what you thought of Kate McKinnon's Iggy Azalea impression!?