Anne Hathaway & James Franco Do Grease's 'You're The One That I Want'

02/23/2011 AT 05:50 PM EST

Is James Franco the one that Anne Hathaway wants for the Oscars?

Apparently so, as the Academy Awards co-hosts reenact the iconic carnival scene ("You're The One That I Want") from 1978's Grease in a YouTube clip that the Oscar-nominated actor posted on Twitter Wednesday afternoon.

In the 19-second video, Franco slicks back his hair a la John Travolta's Danny Zuko and Hathaway shakes her tush – clad in the skin-tight leather pants made famous by Olivia Newton-John's Sandy Olsson.

Will this homage to Grease be included in their Oscars telecast? You'll have to tune into the 83rd annual Academy Awards, airing live Sunday, Feb. 27, at 8 p.m. ET (5 p.m. PT) on ABC, to find out!
Janet Mock

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