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You look mah-velous! And so does Billy Crystal, former eight-time host of the Oscars. When he took the stage last night the audience leapt to their feet before he paid homage to former host, the late Bob Hope.

OK! GALLERY: OSCAR RED CARPET 2011 — ANNE HATHAWAY FLAUNTS, JAMES FRANCO HIDES

As PopEater notes James Franco seemed pre-occupied with updating posts to Twitter; perhaps there’s a “Draft Billy Crystal” movement in the works? His appearance seemed to be a breath of fresh air for the audience.

OK! VIDEO: WATCH JAMES FRANCO GET TOUCHED UP BACKSTAGE AT OSCARS

Considering Billy hasn’t hosted the iconic awards ceremony since 2004, after the resounding applause he joked, “Wow. So, where was I?” Then he added, “Some things never change: The producers asked me to say we’re running a little long…so here are the nominees for best picture…”

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