James Franco's Rejected UCLA Commencement Speech (VIDEO)

James Franco canceled giving the UCLA commencement speech last month, and now he's done a video for Funny or Die making fun of himself.

The video opens with a message that it was the sight of this footage that caused UCLA to cancel Franco, not the other way around.

Among highlights are Franco saying he reminds himself of Barack Obama, saying that everyone falls asleep in class and generally espousing stoner advice.