Will Smith Wins Generation Award at MTV Movie Awards, Jokes He Thought It Was 'Code for the Old-Ass Dude Award'

MTV Movie Awards 2016: Will Smith Accepts Generation Award
Halle Berry and Will Smith
Alberto E. Rodriguez/Getty Images for MTV

updated 04/09/2016 AT 09:10 PM EDT

originally published 04/09/2016 AT 02:10 PM EDT

Will Smith now has one more thing in common with fellow megawatt stars Sandra Bullock Johnny Depp and Robert Downey Jr.: Like all of them, he's a Generation Award winner.

The Men in Black star, 47, next slated to appear in this summer's Suicide Squad, accepted the award at the 2016 MTV Movie Awards on Saturday.

Or as Smith put it in his acceptance, "At first I thought the Generation Award was code for the 'Old Ass Dude Award' – congratulations, your best work is behind you."

He had an introduction befitting his record-breaking success, not just in film but in music. First Kevin Hart introduced Andy Samberg's The Lonely Island to perform a medley of Smith's hits, including "Fresh Prince of Bel-Air" and "Gettin' Jiggy wit It," and they then welcomed Queen Latifah who then welcomed Halle Berry onstage to present the award.

Will Smith Wins Generation Award at MTV Movie Awards, Jokes He Thought It Was 'Code for the Old-Ass Dude Award'| The Lonely Island, MTV Movie Awards, Andy Samberg, Halle Berry, Kevin Hart, Queen Latifah, Will Smith

Jaden (left) and Will Smith

Jeff Kravitz / FilmMagic

Smith was joined in the audience by sons Trey and Jaden.

"Will Smith and MTV have grown up together and share a very cool history," Executive Producer Casey Patterson said in an earlier statement. "MTV was a part of every phase of Will's career and he has been a huge part of what defined the MTV culture from the beginning."

Smith's decades-long and highly bankable (and acclaimed) film career in a variety of genres has earned him labels such as "the most powerful actor in Hollywood" and made him one of the most successful performers in history.

Will Smith for the Generation Award #MovieAwards | : @polkimaging

A photo posted by MTV (@mtv) on

Show host Dwayne Johnson announced the news of Smith's award on Instagram last month, writing, along with a short video clip, "When I first broke into Hollywood 15yrs ago, all I wanted to do was learn the business and put in the hard work to have a career like his. It's a real privilege to honor you my friend."

Smith said he works to spread his success: While accepting the award, he said he is "dedicated to being a light in this world."

The 2016 MTV Movie Awards air Sunday (8 p.m. ET) on MTV.
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