James Franco In Drag, Channels Marilyn Monroe At The Oscars

Well, he's certainly willing to try new things.

While the Academy wouldn't let him sing a Cher song from "Burlesque," James Franco DID get to get in touch with his feminine side -- by dressing in drag on stage, channeling Marilyn Monroe in a not so flattering pink dress.

And to kick it off, he dissed Charlie Sheen, whom Franco said "just called me." Maybe he's also addicted to winning.