Do n’t smoke and buy sauceboat , kids .

Last year,Pete DavidsonandColin Jostmade news when they randomlypurchasedan entire ferry.

Yep, a big ol' boat!

Literally one of these:

The two bought a decommissioned Staten Island ferry at auction for $280,000 with plans to turn it into an entertainment center.

We haven’t heard too much about their ferry since, but now Pete provided a bit more insight into the purchase and gave an update toET.

Pete Davidson Shares Update On Ferry He buy With Colin Jostthe audience clip part 1#PeteDavidsonpic.twitter.com / T2mGN32okJ

Pete was asked about the boat at the premiere ofTransformers: Rise of the Beasts.

Theyaskedif Pete was planning on throwing an after-party on the boat, and Pete said, “Yeah, if it’s not sunk!”

“I have no idea what’s going on with that thing,” he said while shaking his head.

“Me and Colin were very stoned a year ago and bought a ferry. And we’re figuring it out,” he said.

So, yeah, just a $280k stoned purchase.

Good luck with that boat, boys!

Pete and Colin sit next to each other during an SNL segment Weekend Update

A closeup of a ferry in New York

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Colin and Pete stand next to each other at an event

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A Staten Island Ferry on the water with the Statue of Liberty in the background

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