Yep, that is Chris Hemsworth rocking corn rows thrown into the mix for good measure.
For those unable to view the video, Kate McKinnon - famed for embodying the likes of Justin Bieber and Ellen DeGeneres - adopts a thick Aussie accent (although many would wager it's more Kiwi in origin) to say chipper things like: "You know what else is fun? Feeyeeuds! I'm in a new feud like every day. Azealia welcome! Oh my God, you're so mad at me. Our feud is so hip hop!" before spitting out some 'bang bang' rhymes.
If you require exact details regarding why Azealia is so mad at Iggy, here they be, in case that bypassed you a few months back.