Farley was originally cast as Shrek, and recorded some dialogue before his death. The role was recast with his SNL co-star Mike Myers.
It's been rumored that the first line of dialog in the film during the narration in the beginning "Once upon a time, there was a lovely princess." was in fact the one Farley recorded when he had the role. It's still unknown to this day if it's true or not. Also in homage of Farley was Shrek's use of air quotes, which Farley did as Matt Foley on SNL.
Farley used airquotes playing the character Bennett Brauer, who was a semi-regular Weekend Update character, not as Matt Foley.
He was planning on starring in two dramatic biopics: one about disgraced silent film star Roscoe "Fatty" Arbuckle and one about Nazi officer Hermann Goering.
He and David Spade were planning on making a movie centered on his Matt Foley character.
The role of Chip in The Cable Guy was originally written with him in mind. When he declined due to schedule conflicts, the role was given to Jim Carrey instead.