VIDEO: Why James Franco Backed Out of Commencement Speech

Last month it was reported that James Franco had backed out of his duties as the commencent speaker at UCLA's graduation, right before the big day. But did he really back out or was he rejected? James himself is putting that theory forward in a new funny video. The actor shows off his comedy chops in this FunnyOrDie.com clip of his "outtakes" for the speech he was working on.

James Franco's Rejected UCLA Commencement Speech from James Franco