What The Heck Is This, James Franco?

The enigma that is James Franco as given us a new little video to ponder over.
On the heels of releasing his version of Cher’s Burlesque anthem, James just posted this quick video of him and Anne Hathaway. It may be presumptuous of us to infer that this is footage from a bit they are doing for the Oscars. Then again, what other explanation is there? We can’t imagine Anne having enough time on her hands to play Grease dress-up with him just for funsies! Right?
Check out the video (above) and see what U make of it.