Sandra Bullock may not be up for an Oscar this year, but she's got the next best thing: the Hasty Pudding Award. Before flying to Hollywood to attend Sunday's Academy Awards, Bullock, 39, was in Cambridge, Mass., to pick up her Woman of the Year honor from Harvard's renowned Hasty Pudding Theatricals group.

After an interrogation by students about her favorite pickup line – "I have more than a million dollars in my account and I'm single" – the romantic-comedy vet (Two Weeks Notice) talked to PEOPLE about Oscar fashion, comfortable shoes and her idea of heaven. (Hint: It involves ice cream.)

Tell us what you're wearing today.
All I know is that I chose something for today that feels good and goes well with sweat.

What will you be wearing at the Oscars this year?
I wait till the last minute, then I choose any old thing. Whatever I can find in the closet. I'll cinch and belt it, and it will be fine. Maybe a gunnysack dress. One of the peasant Laura Ashley dresses.

Did you ever have a beauty or hair emergency on Oscar night?
None at the Academy Awards, but I did have a premiere once where I poured myself into a gown that I never should have been in in the first place. Getting into the limousine, the strap popped and I guess I pulled a Janet. It wasn't that impressive. But I did fall out and we spent the whole time circling and the paparazzi were following us. And my date ran into a store to get a little sewing kit so I could sew myself up before I went into the party.

What were the most uncomfortable shoes you ever wore to the Oscars?
Oh, shoes are meant to be uncomfortable. No, wait, that's not true. Nowadays, you have such great shoes – Jimmy Choo and Louis Vuitton and Manolo Blahniks. If you pay $700 for a pair of shoes, they better do the dishes and feel good. I don't buy shoes that don't feel great, look great.

Do you have any hidden talents?
Of course. I do sleep unbelievably well. And I can change a tire.

What's your idea of heaven?
My idea of heaven is no drama. And a pint of Haagen-Dazs.

Do you diet?
I run a lot. I'm pretty hyper in general so I pretty much eat what I want. I try and stay away from crap until it's the weekend, and then I binge. And then I work it off during the week.

Is there any body part you would exchange for someone else's?
I love my body. But I'd like to change what comes out of my mouth. Sometimes I read it in print and, apparently, sarcasm doesn't translate in print.

So, what will you do with your Pudding Pot award?
I worked hard to earn it. I don't intend to stick it in the bathroom. I will put it somewhere with good lighting and display it with pride.