29th Annual Palm Springs International Film Festival Opening Night Screening 'The Post' & ReceptionThey're both Oscar-winning actors, so it makes sense, then, that Tom Hanks and Meryl Streep would have no trouble slipping into different personas for the sake of a talk show bit. But watching the pair effortlessly channel some of each other's iconic onscreen characters makes it clear that Hanks and Streep are truly in a league of their own.

The duo, who star in Steven Spielberg's new drama "The Ellen DeGeneres Show" on Tuesday to promote the flick, and Ellen couldn't help but have some fun with the legendary actors. Asking them to perform line readings from some of the other's most famous movies, DeGeneres handed out cue cards -- and in a couple cases, some props -- to help the duo along.

Unsurprisingly, the results were nothing short of wonderful. We're especially partial to Streep's over the top enthusiasm playing Woody from "Toy Story," breaking the news to Buzz Lightyear that he's just a child's plaything. And if for some reason Streep cannot reprise her role for a potential sequel to "The Devil Wears Prada," let's just say that Hanks is more than capable of performing an amazing Miranda Priestly impression.

Oh, and he definitely needs to keep that fabulous Margaret Thatcher wig. That's all.