ET was there as Arnold Schwarzenegger welcomed Jack Nicholson, Jane Fonda, Clint Eastwood and Quincy Jones on the red carpet at the California Governor's Mansion as they prepared to be inducted into the state's prestigious Hall of Fame.

The event in Sacramento was hosted by the Governor and his wife Maria Shriver. ET asks the couple about what the holidays mean to them. The inductees also share their thoughts on receiving the honor and tell ET what they are doing to prepare for the holidays.