Pete Davidson is reportedly turning to pricy gifts in hopes of getting back into a former friend’s good graces.

The 31-year-old comedian purchased a $20,000 Cartier watch for his estranged pal Colin Jost, The Sun reported on Wednesday.

Pete reportedly got the gift for Colin, 42, after his stint in rehab last summer, two years after the former pals bought a decommissioned Staten Island ferry.

DailyMail.com has reached out to Davidson and Jost’s representatives for comment. 

Although one source said the gesture was meant to be an ‘olive branch’ toward Colin after their rumored falling out, the details of why they allegedly ended their friendship are shrouded in mystery.

A second source described the luxury watch as ‘a positive gesture that Pete made to Colin just after he got out of rehab.’

Pete Davidson, 31, bought his ex-friend Colin Jost, 42, a $20K Cartier watch last year to paper over their feud, The Sun reported Wednesday. The two are rumored to have had a mysterious falling out last year

Back in September, the publication reported that Pete and Colin had ended their 10-year friendship.

Although it wasn’t clear what came between them, the animosity was reportedly so bad that they were no longer speaking to each other.

A source said Colin was so upset with Pete that he refused to be at 30 Rockefeller Plaza, where Saturday Night Live is sH๏τ, anytime the Bupkis star was also going to be there.

Read More Pete Davidson regrets ‘very stoned’ purchase of $280,000 Staten Island ferry as he admits plan to turn it into NYC’s next H๏τ nightclub is sunk

‘Something big happened, and Colin is now refusing to be in the same building, let alone the same room as Pete,’ the insider said at the time

They added that the Weekend Update host ‘doesn’t want to be ᴀssociated’ with Pete.

It’s unclear how often it might be an issue for them to run into each other, as Pete left SNL at the end of season 47 in 2022. 

Since then, he hosted once in October 2023. However, Pete did return for a cameo appearance on the November 2 episode last year, when was hosted by his good friend John Mulaney.

At the farewell with the whole cast, Pete and Colin stood on opposite sides of the crowd, before moving toward each other after John thanked Pete for his guest appearance.

Pete reportedly gave Colin the watch after ending his latest stint in rehab last summer; pictured February 16 in NYC

It’s not know why the two are allegedly feuding, but they are said to not be talking, and sources said Colin refuses to even be in the same room with Colin at 30 Rock, where SNL is sH๏τ

They appeared to have an awkwardly cold handshake, compared to the ebullient greetings and hugs they gave other cast members, though they were seen chatting again before the end of the episode. 

Pete returned to SNL again last month for the show’s 50th anniversary episode, which featured numerous former guests and cast members joining the current ensemble, but they didn’t appear to share any scenes together.

It’s unclear if Pete and Colin’s alleged feud has affected their joint purchase of a decommissioned Staten Island ferry. 

The two bought the ferry in 2022 for $208,000 as part of a group including the architect and developer Ron Castellano and comedy club owner Paul Italia.

The owners have said they plan to renovate the ferry to add H๏τel rooms, restaurants and bars, but so far little progress has been made on the renovations front.

At the fashion show, Colin called the decision ‘absolutely the dumbest and least thought-through purchase I’ve ever made in my life’ while speaking with People, which isn’t out of character with the self-deprecating jokes he usually makes about buying the boat.

He added that the owners expect to keep the boat docked as an entertainment and event space, but it could be ready to sail again within ‘weeks’ if they desired.

However, he wasn’t sure if the investors wanted to both with hiring people to run the ferry. 

The two had a cold handshake and chat after Pete made a cameo on SNL on November 2, 2024, and they didn’t appear to share any screen time at the 50th anniversary special last month; seen February 26 in NYC

It’s unclear if the alleged feud has affected their joint purchase of a decommissioned Staten Island ferry, which they bought in 2022 for $208K as part of a multi-person group

Little progress has been made to turn the ferry into an entertainment and event space. Colin attended the first event, a Tommy Hilfiger show in September 2024, but Pete sat it out; pictured in April 2024 in Washington, DC, with wife Scarlett Johansson

At the time their feud was first reported, a source tried to downplay its potential impact on their ferry purchase.

‘They’re both very busy, and don’t talk as much as they used to,’ the business insider said.

‘People move on, they work on other things, and other relationships, and they are just not as close to the people that they once worked with previously.’

Pete had previously joked that he was ‘very stoned’ when he agreed to go in on buying the ferry, though Jost later denied that Pete was high at the time. 

‘Is it worse that I was actually stone-cold sober when we bought the ferry?’ he joked on Instagram.