Is this the end of the SNL feud between Alec Baldwin and Donald Trump?

From left, Beck Bennett as Vladimir Putin, Alec Baldwin as Donald Trump and Cecily Strong as Melania Trump on SNL. (Will Heath/NBC)

For weeks, watching the interactions between Alec Baldwin and President-elect Donald Trump has been like watching a tennis match. Look left: There’s Baldwin, spackled in orange makeup, mercilessly mocking Trump on “Saturday Night Live.” Look right: There’s Trump, tweeting that the show is unfunny, unwatchable and “just can’t get any worse.” Back to Baldwin, quipping that he’ll stop his impersonation if the president-elect releases his tax returns. Back to Trump, telling the “Today” show how “the skits are terrible.”

SNL’s main event used to be its weekly celebrity hosts; lately, those guests have been a mere sideshow to the Baldwin-Trump battle. This week, Baldwin took another swing.

The show opened with a skit that portrayed Trump as a bumbling idiot who doesn’t realize how Russian President Vladimir Putin is taking advantage of him. Putin appears in Trump’s office through a fireplace, carrying a Santa-like bag with a gift for Trump inside: an “Elf on the Shelf” that has clearly been reconstructed into a surveillance camera. Putin instructs Trump to place it next to his internet router and leave it there all year.

“Vladimir, I’m sorry,” Baldwin-as-Trump tells the shirtless Putin. “But I didn’t know you were coming, so I do not have a gift for you.”

“Please, Mr. Trump,” Putin replies. “You are the gift.”

Even when soon-to-be first lady Melania (played by Cecily Strong) tells Trump she wants Putin to leave, the president-elect is easily swayed to let him stay as soon as Putin calls him “so smart.”

Saturday’s show had the highest metered-market ratings since its…