Later in the show, Craig also appeared for another sketch alongside Malek and SNL regulars Cecily Strong, Aristotle Athari and Malek.
Craig appeared alongside his No Time To Die co-star Rami Malek, who made his debut as a host on the long-running entertainment show.
Thompson hands Craig his own guitar and the sketch ends with Thompson, Malek and Craig all performing a song snippet together.
Malek and SNL regular Keenan Thompson took part in a “Prince-off” to decide who should play the musician in a fictional biopic – directed by Get Out’s Jordan Peele.