It's the biggest party in the world, and you have to keep the whole thing percolating, which is difficult because a lot of awards most people don't care about.

You know, you have to do homework. You listen to who they are, what they do. I also compare it to designing clothes for people. If somebody brings in Tilda Swinton, you're not going to give her the same dress you'd give Gabourey Sidibe. Everybody looks different in a different line, a different color. The same thing with the way people speak.

I mean, if they're doing a television show every night like Jon Stewart, or Ellen, or David Letterman, then they have their bunch of people who are sitting on a payroll someplace, who are coming up with material every day of the week. Those are the people who wind up doing the bulk of the work for them when they host the thing, because that's their team.

We're shaking up a format, which I think is always a good thing. The thing about [2011 Oscar hosts] James [Franco] and Anne [Hathaway] is, they've both hosted Saturday Night Live, and they both did a good job at it. So they are accustomed to working with short rehearsal time, and live, lots of pressure, rewrites, things like that. They can make quick changes, which is very advantageous, and they're skilled comedians.

It's the biggest party in the world, and you have to keep the whole thing percolating, which is difficult because a lot of awards most people don't care about.

What makes me laugh? Richard Nixon always made me laugh.

I like that we don't have to come out the first 10 minutes and score, you know, with joke, joke, joke. We can open it in a more novel way and keep playing different pranks as we go through the thing.