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Funnyman MIKE MYERS will be taking the stage on June 1 as host of the MTV Movie Awards, the network announced today. This is the second time the 'Shrek' star has taken on hosting duties.

"I've spent the last year and a half of my life having the most fun ever working on 'The Love Guru,' and now I'm thrilled to have the chance to work with JUDY McGRATH, VAN TOFFLER and MARK BURNETT," Mike said in a statement. "Hosting the MTV Movie Awards is like a party, but without having to do beer runs in your mom's mini van; we do beer runs in Will Smith's four-story motor home."

"Mike Myers blew us away last time he hosted the MTV Movie Awards with his lord of the dance and over the top musical productions," said Van Toffler, President, MTV Networks Music, Logo and Films Group. "He keeps creating iconic film characters that have been etched in the minds of MTV's audiences forever. 'The Love Guru' is sure to spur yet another cultural movement, so we're elated to have Mike back as our host."

The star-studded awards show hands out prizes for everything from Best Villain to Best Kiss. Nominations are scheduled to be announced next month.