What was Jimmy Fallon holding at the end of SNL?

Question by James & Anne A: What was Jimmy Fallon holding at the end of SNL?
On the 5/9/2009 airing of SNL, Jimmy Fallon held up a document during the credits. What was it exactly?

I have it on my DVR, and when I pause it, the image is to fuzzy to make out. It looks to be a diploma, or an award.

His name is on it.

Best answer:

Answer by Mia
On Saturday May 9, 2009, Fallon received a BA in Communications from The College of Saint Rose (Albany, NY) after presenting college officials with his impressive portfolio, which satisfied all requisites for his degree.

In addition to receiving a degree, Fallon spoke at the school’s 86th commencement, and received an honorary degree at the ceremony, which was held at the Saratoga Performing Arts Center.

That night, on Saturday Night Live he held up his degree during the closing of the show.

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