Get your cowboy hat on because the 42nd Annual Country Music Awards are coming straight for ya! CMA nominees Carrie Underwood and Brad Paisley are co-hosting the show, airing Wednesday, November 12 on ABC -- and the twosome tell ET they are gettin' ready to take the stage by storm!

"Hopefully you will not see any wardrobe malfunction," jokes Carrie.

"I would tune in just in case," says Brad.

"This is going to be tough because it's new territory; I've never hosted [an awards show]," reveals Carrie, who along with Brad follows in the footsteps of such previous hosts as Reba McEntire and Vince Gill.

"I think I'll call him, see if he's got any tips," says Carrie of Vince. "He's got good jokes."

Previously, it was announced that Carrie's chart-topper Carnival Ride is nominated for Album of the Year, along with Kenny Chesney's Just Who I Am: Poets & Pirates, Alan Jackson's Good Time, George Strait's Troubadour and Brooks & Dunn's Cowboy Town.

Carrie is also up for Female Vocalist of the Year, up against Taylor Swift, Alison Krauss, Miranda Lambert and Martina McBride.

Paisley has the distinction of being nominated for Male Vocalist of the Year alongside Chesney, Jackson, Strait and Keith Urban -- as well as for Song of the Year ("Letter to Me") and nominations in two other categories.

Tune into to the 42nd annual CMA awards tonight on ABC to see how Carrie, Brad and the rest of the nominees fare.