VIDEO: James Franco and David Letterman Trade Oscar Host War Stories

Late Night With David Letterman, James Franco, David Letterman

James Franco says he was not under the influence of drugs on Oscar night -- he only wishes he had been.

The actor dropped by Late Show with David Letterman to discuss the backlash he's experienced from co-hosting this year's Academy Awards with Anne Hathaway. (His appearance will air Friday.) Letterman, who emceed the show in 1995, was all sympathy.

James Franco strikes back at Oscar writer Bruce Vilanch

"It was horrible," Letterman said. "Yes, I can't even remember what it was. It was horrible. I was so bad that they talked for a while about shutting down the motion picture industry."

"But they didn't say you were stoned," Franco replied, adding that Hathaway was "so energetic. I think the Tasmanian Devil would looked stoned standing next to [her]."

Watch more of the interview here:

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