Will Ferrell Belts Out Whitney Houston's 'I Will Always Love You' for USC Graduates (Video)

"We are SC. We are SC," Ferrell led the graduates in their new Alma mater chant.

Introduced by USC President Max Nikias, Ferrell thanked the crowd for the warm welcome and jokingly apologized to the parents in the back.

"It is such such an honor to deliver this year's commencement address the University of California's graduating class of 2017," he said. "I would like to say thank you, graduates, for that warm welcome. I would also like to apologize to all the parents who are sitting there saying, 'Will Ferrell. Why Will Ferrell? I hate Will Ferrell. I hate him.'"

During his 25-minute speech, Ferrell named some of the most famous alumni of the prestigious university including John Wayne, Neil Armstrong and Rob Kardashian.

Kris Jenner was quick to thank Ferrell for giving her baby boy a shout out, tweeting: "@robkardashian is my favorite alumni too #willferrell #usc #fighton #gotrojans."

The funnyman did eventually get serious when he began to talk to the graduates about success.

"Now one may look at me as having great success, which I have in the strictest sense of the word," he said. "And don't get me wrong I love what I do and I feel so fortunate to get to entertain people. But to me my definition of success if my 16-and-a-half year marriage to my beautiful and talented wife, Vivica. Success are my three amazing sons ... success to me is my involvement in the charity, Cancer For College ... no matter how cliche it may sound you may never truly be successful until you learn to give beyond yourself. Empathy and kindness are the two signs of emotional intelligence."

Ferrell was also awarded an honorary doctorate by Nikias.

"I've already instructed my wife and my children from this point they have to address me as Dr. Ferrell, no exceptions," he said.

Ferrell concluded his speech with an epic rendition of Whitney Houston's "I Will Always Love You."