And it involves Glee!!!
Watch (above) to get the scoop and then help us share the exciting news!!!!
We all know that Ellen DeGeneres is the hostess with the mostess!
But before Ellen agreed to come back to MC the Oscars for a second time next year, she had to really think about her decision!
So she made a pros and cons list!
The funny lady shared her HIGHlarious reasons with her fans during her talk show this week!
Ellen pulled out her list (that she keeps in her sock!) and read one by one the positives and negatives that come from hosting Hollywood's biggest night!
Pro: I get to perform in front of 60 million people.
Con: Oh my God, 60 million people watch that thing.
Pro: I'll be invited to all the cool Oscar after parties.
Con: I like to be tucked in by 7:30.
Pro: Meryl Streep could get a record 17th Oscar nomination.
Con: Hashtag we're over it, Meryl.
Pro: A lot of fancy designers will approach me to wear a beautiful, expensive gown of theirs.
Con: Ain't no way in hell I'm wearing a gown.
Pro: I've done it before. The second time should be even better.
Con: My second sitcom got canceled after five minutes.
Pro: If I'm on stage hosting, I won't be sitting on my couch drinking margaritas.
Con: If I'm on stage hosting, I won't be sitting on my couch drinking margaritas.
Pro: The theater holds 3,000 seats.
Con: It's gonna take 45 minutes to dance through all those aisles.