billy-crystal-230.jpgIt's been a whirlwind two days for the Academy of Motion Picture Arts and Sciences!

First, after getting backlash from using a gay slur in a weekend Q & A session, producer Brett Ratner quit the show. On Wednesday, pal Eddie Murphy (who Ratner had brought on) resigned from his hosting position.

But, perhaps a saving grace for the Academy -- favorite host Billy Crystal is coming back!

Crystal and the Academy announced the news Thursday afternoon. This will be his 9th time hosting, and his first time hosting since 2004. He made a brief appearance at the Feb. 2011 show, and after that said publicly that he'd be happy to host again.

Ratner's friend, famed producer Brian Grazer, replaced him as producer on Wednesday night. Reportedly, Crystal was the first person Grazer asked, and Crystal said yes.

Crystal Tweeted, "Am doing the Oscars so the young woman in the pharmacy will stop asking my name when I pick up my prescriptions. Looking forward to the show."