Regis Philbin, Kathie Lee Gifford Regis Philbin, Kathie Lee Gifford

Reunited and it feels so good!

Kathie Lee Gifford and Regis Philbin will once again be morning show co-hosts, with Philbin joining the fourth hour of Today as a monthly contributor alongside Gifford and Hoda Kotb.

The announcement was made on Thursday's episode of Today, with Philbin acting as a bartender and pouring drinks for Gifford and Kotb from a magnum bottle of champagne before following the ladies into the studio. Philbin, 83, will appear on Today's fourth hour once a month going forward. Last month, he and Kathie Lee reunited for a segment on Access Hollywood Live, and they've also previously reunited on Today.

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Philbin and Gifford hosted Live! With Regis and Kathie Lee from 1985 to 2000, until Kelly Ripa took over for Gifford. The pair won six Daytime Emmy Awards, as well as a Lifetime Achievement Emmy during their tenure together.

Watch Philbin's wine-soaked debut on Today below. Are you looking forward to seeing him and Kathie Lee together again?