The official spoof trailer for the 2012 Oscars

When Eddie Murphy departed as host for the 84th Academy Awards, the annual awards show was in a crisis. Gone was the fresh talent and exciting gamble on a first time host, causing panic in the industry that the rushed result could be as bad as last year's James Franco/Anne Hathaway disaster.

Fear not, legendary host Billy Crystal returned in the nick of time to host his ninth show, and now the first official trailer for the glossy awards gala has rolled in mocking the gruelling search for Murphy's replacement.

"We wanted to try something a little bit different this year instead of a traditional, clip-based piece," said Academy Chief Marketing Officer Christina Kounelias. "The trailer has a fun twist that conveys how excited everyone is to have Billy back."

Made in conjunction with Funny or Die, the trailer stars Josh Duhamel, Megan Fox, William Fichtner, Vinnie Jones, Robin Williams and, of course, Crystal himself.

"Our team had a great time working with the Academy and joining forces with Billy again," said Mike Farah, Funny Or Die's president of production. "We think the trailer really speaks to the excitement around this year’s Oscars®, and Funny Or Die was honored to be a part of it."

Check it out right here:

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