Funny girl Ellen Degeneres received some good news yesterday: she's been picked to host this year's Academy Awards, which air February 25th. With the Grammy's and the Emmy's under her belt, Degeneres certainly has the experience necessary to keep unruly celebrities in line. And, no doubt, in stitches. Of her selection, Degeneres said:

When [producer] Laura Ziskin called, I was thrilled…There's two things I've always wanted to do in my life. One is to host the Oscars. The second is to get a call from Laura Ziskin. You can imagine that day's diary entry.

We haven't been this excited for the Oscars…well, ever.

Ellen Degeneres Tapped to Host Oscars [ABC News]