Pete Davidson's latest money-making hobby? Selling rare VHS tapes: '"Rocky" just sold for $27,000'

• Former "Saturday Night Live" star Pete Davidson said he sold a "Rocky" VHS tape for $27,000.
• The comedian has started collecting sealed tapes to make money.

Back in June, Pete Davidson shared that he bought a decommissioned Staten Island ferry for $280,000 with his former "Saturday Night Live" costar Colin Jost while they were both stoned.

And on Tuesday's episode of "The Tonight Show Starring Jimmy Fallon," Davidson revealed another strange purchase he made while high.

Davidson said that he started collecting sealed VHS tapes of old movies three years ago just in case they eventually come back into fashion.

"I was really high one night," he said.

"Listen to this, guys. So in 2026, it'll be 20 years since the last VHS was made, right? So 20 years go by... that's enough time for people to be like, 'Oh, that was cool, remember?' Like vinyl," Davidson explained.

Davidson has collected thousands of tapes in an attempt to get ahead of the trend.

"So I bought all the sealed ones that exist, like 3,000 to 5,000 tapes," he said.

When the audience started laughing at his story, the comedian joked: "You guys sound like my mom. No one believes in me!"

To prove the audience wrong, Davidson said that sealed tapes can be sold for up to $30,000 and that he has sold a copy of "Rocky" starring Sylvester Stallone for $27,000.

"So, as of a month ago, sealed VHSes are now going for like 20 to 30 grand a pop," he said. "'Rocky' just sold for like $27,000. Yeah, it's my GameStop! Like, dude, I own all of them. Dude, no one believed in me."

Davidson didn't say if he's had success selling any of the other tapes in his collection, but joked: "If it doesn't work, dude, I'm gonna be on the road forever."

In June, Davidson said that he and Jost plan to turn their decommissioned ferry into a business.

"So, we just got all the plans built, and we had them do one of those computer-generated, show-you-what-it-could-be type things, and now we're out to a few people. And it seems like it's all going well, but it's definitely like five years away," he said.

Davidson said the goal for the ferry was for it to be docked in New York from April to September so the space could be used as a restaurant, a concert venue, a movie theater, and a hotel. The ferry could be tugged to Miami in winter, he said.