"I'm just kind of going with the flow," Franco said at the Mercedes Benz-sponsored Art Of Elysium Heaven Gala on Saturday in Los Angeles.
The 127 Hours star is co-hosting the Academy Awards with Anne Hathaway, and is busy working on the routine. "There will be some singing and some dancing. We haven't started choreographing that yet or rehearsing that, but there will be some of that," he said.
Of Hathaway, Franco adds: "She is the youngest to ever host the Oscars so I guess that's special in itself. She's a great person – great personality – so I'm basically depending on her to pull it off."
As for Hathaway's strategy for the show: "I'm here to take notes from Ricky Gervais for when I host the Oscars," she said at Sunday night's Golden Globe Awards.
Franco, however, received a tip from a veteran Oscar host: "Billy Crystal said to wear tennis shoes, or something, but I don't think I'm going to follow that advice."
What does he know? "I don't think I could ask for a better co-host," he said.