Selena Gomez on James Franco's Lip-sync Tribute: "How Cute!"

If you haven't seen James Franco's rendition of Selena Gomez's "Love You Like A Love Song," you're certainly missing out! James honored his Spring Breakers co-star with this hilarious lip-synching video of her hit song, and OK! finally got the chance to ask the lovely Selena about it.

At the exclusive launch of her new Selena Gomez fragrance in NYC, Selena laughed, telling OK! about the video: "How cute!"

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Did she have any idea he was going to go viral with it? "No!" she said. "He came here for New Year’s. He actually watched me perform that song on New Year's, so he had never heard it before and he loved it."

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"He had sent me that video and I laughed and then he posted it. It was so sweet!"

Just like Selena!

You can catch Spring Breakers next year and her new fragrance at Macy's in mid-May.