News James Franco Debuts Bizarre Rainbow Hair, Hints It's For New Riff Raff Music Video By Jennifer Drysdale 5:25 PM PDT, August 9, 2016 Now Playing hh:mm:ss It seems James Franco and Riff Raff may have buried the hatchet.Years after the two eccentric artists feuded over the Franco's portrayal of a strikingly Riff-Raff-like character in 2012's Spring Breakers, it seems Franco might be playing the real deal. WATCH: James Franco Celebrates His 38th Birthday at Disneyland Dressed as David BowieThe 38-year-old actor took to Instagram on Tuesday to debut a peculiar new hairstyle, and implied he might be starring in the rapper's upcoming music video."MADE in AMERICA RIFF RAFF (@jodyhighroller) video dropping soon!!!" he wrote on Instagram, along with a mirror selfie sporting his rainbow hair and Riff Raff t-shirt.Riff Raff himself seemed to confirm the news on his own social media accounts."THE WORLD iSNT READY," he tweeted in response to Franco's photo.THE WORLD iSNT READY https://t.co/FSY8dBxVDY— RiFF RAFF 🐢 (@JODYHiGHROLLER) August 9, 2016The "Versace Python" rapper chimed in on Instagram shortly after. "JUST GOT MY VERSACE COTTON CANDY HAiR PERM PRESSED FOR MY 'ONLY iN AMERiCA' ViDEO," he wrote. RELATED: James Franco Opens Up About His Sexuality: 'I'm a Little Gay'Franco clearly has no problem adapting to different characters -- in his latest film, King Cobra, the former Oscar host plays a gay porn producer."It has a very unique and dark narrative to it that was very intriguing," Franco told ET in April. "So, I thought it was doing a lot of disrupting."See more in the video below.James Franco and Keegan Allen Pump Iron in 'King Cobra' (NSFW Language) Related GalleryTwo Looks, One Star: Major Celeb Hair Transformations!