From penis jokes to racist jabs, Ellen DeGeneres had everyone cracking up with her opening monologue.

The talk show host skewered all the nominees, making light of "American Hustle" stunner Jennifer Lawrence's clumsy ways, "Nebraska" star June Squibb's old age and Jared Leto's unattainable beauty.

But our favorite joke came thanks to Jonah Hill's very revealing role in "The Wolf of Wall Street."

How do you think Ellen is doing as a host? Better than Seth MacFarlane's "We Saw Your Boobs" number last year?

Check out the highlights from DeGeneres' opening above.  


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