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November 05, 2008 AT 08:58 PM EST

by Jennifer Armstrong

Tina Fey’s hilarious turn as Sarah Palin put Saturday Night Live on the electoral map like nothing else in recent memory — viewership is up nearly 70 percent this season. But will Fey continue to moonlight as the gorgeous governor, who could be a parody-worthy public figure for years to come? “I have to retire just because I have to do my day job,” reveals the creator and star of NBC’s 30 Rock (which experienced a 20 percent ratings uptick for its Oct. 30 season premiere). “I think [Kristen] Wiig would do a really good job.”

As for whether there’ll be an official Palin torch passing, she says, “Maybe we could get a real torch. Or I could give Wiig the Palin wig.”

More on Tina Fey and Sarah Palin:

30 Rock premiere recap


Tina Fey: EW cover story


Lorne Michaels: How SNL got Sarah Palin


Sarah Palin on SNL


Sarah Palin boosts SNL ratings

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