On "Late Show" Thursday night, two past hosts of the Oscars, David Letterman and Jon Stewart, dished what they really think about emceeing Hollywood's holy of holies.

Stewart said, "The problem with having us host it, if I may, is that at some level, deep in our hearts, we think it's stupid."

"That's exactly right," Letterman said.

Stewart approved of Hugh Jackman's turn as Oscars host: "I remember thinking to myself, 'Wow, he's really good at this!' If I had known that they wanted someone to host the Oscars that was talented, I would have suggested him years ago."

Of course, Letterman ranks as one of the worst Oscar emcees and Stewart got generally poor reviews the first time up, in 2006, and mixed reviews in 2008.

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