Last month James Franco was supposed to deliver UCLA's commencement address, but he screwed the grads by backing out so he could go to a party—we thought. Now we know the real reason he didn't deliver the address.

Well, actually we don't know the real reason, other than Franco's claims of having to work on a film or something, but this video from The Harvard Lampoon, "James Franco's Rejected UCLA Commencement Speech," which actually stars James Franco, is pretty funny, so we thought we'd share it with you since we chronicled this whole saga last month. Enjoy, brah.

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