I remember seeing the skit, but everything I've read says that they pulled it. I don't know where else I would have seen the skit though.
Anyway, here is the script:
Laraine Newman and Gilda Radner were to play two pregnant women who run into each other at their college reunion.
Laraine: “By the way, are you planning to eat the placenta?”
Gilda: “You’re kidding! You mean the afterbirth?”
Laraine: “That’s right. Many mammals eat their own placenta. It’s nutritious, it’s 100 percent natural, and now that you’re going to have a family, you’ve got to watch your food budget more than ever. And there’s no cheaper meat than placenta.”
Gilda: But is there enough placenta to make a complete meal for my husband and myself?
Laraine: Not if your husband has a hearty appetite like mine. And that’s why you need Placenta Helper.
Gilda: Placenta Helper?
Laraine: That’s right. Placenta Helper lets you stretch your placenta into a tasty casserole. [Holds up a box of Placenta Helper.] Like Placenta Romanoff—a zesty blend of cheeses makes for the zingy sauce that Russian czars commanded at palace feasts. Or Placenta Oriental. An exotic mixture of oriental vegetables and exotic herbs and spices creates an exotic meal. Look, you can have placenta only once every nine months. Why not make a rare occasion, a rare occasion?
[CUT TO: Gilda’s kitchen. John Belushi, as her husband, has just finished his placenta casserole.]
John: Ummm. That was great. Let’s have Placenta Helper every night.
Gilda: Oh, honey!