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After weeks of speculation of who would host the 84th annual Academy Awards, we rejoiced at the news of Eddie Murphy’s return to hosting. Unfortunately, the resignation of producer Brett Ratner on Wednesday resulted in Murphy stepping down as well. We were excited to see the Oscars go back to a classic comedian running the show rather than the disaster that was Anne Hathaway and James Franco last year.

Luckily, our prayers were answered yet again! It was announced that comedian Billy Crystal will be hosting the Oscars this coming February! Crystal is no stranger to Oscar hosting, the 84th will mark his ninth time as the host of this show. The 63 year old comedian, who has been out of the spotlight for a while now, joked via twitter: “Am doing the Oscars so the young woman in the pharmacy will stop asking my name when I pick up my prescriptions”

What do you think of this week’s Oscar insanity! Does Billy Crystal still have what it takes? Let us know in the comments or on twitter!