It's become an Oscar tradition, placing Kelly Ripa and Ryan Seacrest in the middle of movies nominated for the industry's top prize.
"Hopefully, this piece will make people laugh, it'll make people smile," Seacrest said. "Obviously we'll celebrate the Oscars, and it will be an opportunity for people to make fun of us, which we love. It's kind of our sweet spot."
RELATED | Oscars producers Shayla Cowan, Will Packer aim for awards show that appeals to all
The co-hosts get to make like movie stars the morning after the big Academy Awards broadcast on ABC.
"Ryan is one of the great unsung actors in show business," Ripa said. "And had he wanted to take 90 to 98% pay cut, he would have been a great actor."
Their chemistry matched by their commitment, and the faces of the winners may change, but the result is the same: A chance to share in a moment of showbiz history.
"They are the most version of themselves in that moment," Ripa said. "In the moment, after they've won the Academy Award and they come off stage, and reality has set in that they forgot to thank their mom or their agent, or their spouses."
Even if a win is predictable, as Will Smith's would be if he takes home Oscar gold, actually winning is still a shock -- and that makes for great TV.
RELATED | 'King Richard' editor Pamela Martin is trail blazer in industry
Executive Producer Michael Gelman and his staff have just a few hours to get ready.
"We don't know what we're going to do until the show goes on the air," he said.
Mark your calendar: March 27 is Oscar Sunday. Special "On The Red Carpet" coverage begins at 1 p.m. ET 10 a.m. PT and continues all day leading up to the 94th Academy Awards ceremony. After the last award is handed out, stay with "On The Red Carpet" for continuing coverage. Be sure to follow @OnTheRedCarpet on Facebook, Twitter, Instagram and TikTok for all your Oscar news and information. Click here to download our CTV apps to watch "On The Red Carpet" wherever you stream.