James Franco smiled, waved, and signed autographs for fans on his way into an interview on The Daily Show in NYC yesterday. As one of the year's sexiest Academy Award nominees, James had a lot to celebrate, and he spoke to Jon Stewart about finding out about the nod on his way to class at Yale and his feelings about playing MC during the big show. Jon took his own turn on stage at the awards a few years back, and he shared a few words of wisdom with James. Franco and his cohost Anne Hathaway posed for a few glamour shots with Oscar and he added his sincere thanks to the list of celebrity nomination reactions. James is one of the busiest actors in Hollywood all while continuing his work towards a PhD, and he's also coming off a wild weekend at Sundance where he debuted his multimedia art project Three's Company: A Drama. Stay tuned for a peek at that piece on PopSugar Rush!