INTERVIEW: Steve Martin on the Vanity Fair party at the 2011 Vanity Fair Oscar Party Arrivals at Hollywood CA.

The transcript features a conversation about wearing last year's tuxedo, the difference between hosting and watching the Oscars, opinions on James Franco and Anne Hathaway as hosts, favorite Oscar hosts like Johnny Carson, and why Vanity Fair's Oscar party is a must-attend event. The speaker shares insights on hosting, personal preferences, and the allure of Oscar night festivities.

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