Anne Hathaway and James Franco reminded audiences why they're crowd favorites with their hilarious intro monologue at the Oscars.

Franco, who scored his first Academy Award nomination this year for his role in '127 Hours,' looked every bit the handsome leading man in a Tom Ford suit, while Hathaway stunned in an embellished white Givenchy haute couture gown.

The pair not only charmed audiences with their undeniable chemistry, but seemed both genuinely happy and grateful to have the opportunity to host, with Franco snapping photos of the crowd on his phone.

Both actors not only showed off their acting skills, but their family members, to the audience.

Franco, whose mother and grandmother have been active on Twitter in the weeks leading up to the Oscars, introduced his grandma to the crowd, who joked, "I just saw Marky Mark!"

Hathaway, who has earned recognition in the past for her dramatic roles, showed off her comedy chops on stage, telling the audience of this year's nominees, "It's been a great year for lesbians, not just in general, but in movies!