Hosting the Academy Awards may be the toughest gig in showbiz: For every Johnny Carson–style triumph, there's a David Letterman–like dud. How about 2009 rookie emcee Hugh Jackman's musical numbers? Can this year's co-hosts, Anne Hathaway and James Franco, ensure they land on the Carson side of the fence? The stakes are admittedly high, especially given that their average age is only 30.
Luckily, we've got some helpful advice, based on the best (and worst) moments in Oscar host history. Our first tip: Make sure the tux and dress are returnable.