James Franco Tries on Yet Another Hat — Author!

The actor, director, screenwriter and artist can now officially add book author to his list of creds. James Franco celebrated this month's release of his book "Palo Alto," a collection of short stories and titled after his hometown, at the recently opened hotel The James.

OK! GALLERY: JAMES FRANCO DOES A QUICK CHANGE AT LETTERMAN

James was joined by family and friends including some of his New York University and Columbia graduate classmates as well industry folks including model Helena Christensen, photographer Terry Richardson and artist Kalup Linzy.

OK! SERVICE: HOW TO KISS JAMES FRANCO — PRACTICE & PREPARATION IN 7 STEPS

James spent time chatting up Kalup, who appeared with him on General Hospital and celebrated L.A. Gay Pride in June with. And all his friends and guests will get the chance to sample his work, as copies of Palo Alto were given out to all in attendance.