James Franco Sings at Sundance!Oscar co-host James Franco sings at the Sundance film festival. If his performance of the naughty song is any type of preview of what he plans to do when he hosts the Academy Awards with Anne Hathaway it is sure to be a fun night for everyone.

The 127 Hours star donned a long blond wig, and he sang a naughty song in honor of “Three’s Company.” The actor was hosting a theme party at the Playboy Lounge, and the place looked like The Regal Beagle, which is where Jack, Chrissy and Janet often met for drinks and laughs on the show. He was joined by a friend, and they sang a song with a chorus of “You’re just a f—k, you hot mess.”

The crowd that included Eliza Dushku and Rick Fox was thrilled with James Franco and his naughty song. They cheered, whistled and screamed during and after Franco’s performance at the Sundance film festival theme party.

While it seems unlikely that James Franco will repeat his “Three’s Company” Sundance singing performance at the Oscars (this is a family show), he is likely to bring the same type of energy to the show. Are you planning to watch James Franco and Anne Hathaway co-host the 83rd Annual Academy Awards on February 27, 2011 on ABC? It is sure to be an exciting and entertaining evening.