Well, here's some good news for the organisers of the prestigious award ceremony - looks like they can call off the search, as veteran stoner comedy duo Cheech and Chong have offered to fill the void.
Tommy Chong, age 80, posted a video on Twitter of himself and comedy partner Cheech Marin, age 72, offering their services to host the event, which is set to air on 24 February.
In the video, Cheech starts by saying: "We've been thinking about this particular question for a long time, talking about it back and forth, going from one side to the other and we decided we're going to save the Oscars this year's and we will be the hosts."
Chong adds: "Yeah, we're going to be the hosts, I'll be frank."
Then Cheech butts back in, saying: "I was going to be frank."
The person filming asks what they're talking about, to which Chong points to the camera and says: "You don't know, but they know."
Fans of the pair have loved the idea, with one posting to Twitter: "The Oscars would be so lit they'd go up in smoke."
Another commented: "Yes! It's high time this happened!!"
See what you did there, guys.
A third posted: "Until I read this tweet, I could have cared less about who hosted Oscars (haven't watched for years - don't care), but I'd definitely watch parts of it if they went an unorthodox direction and got Cheech and Chong to host, haha."
The Grammy-award winning pair found huge success in the 70s and 80s with often-controversial performances based on the hippie and free love era - not to mention their well-documented love of cannabis.
The Oscars were previously meant to be hosted by Kevin Hart but he stepped down after facing a backlash over some tweets resurfaced, dating as far back as 2009, which were widely adjudged to be homophobic.
Following this he tweeted his resignation from the awards.
I have made the choice to step down from hosting this year's Oscar's....this is because I do not want to be a distraction on a night that should be celebrated by so many amazing talented artists. I sincerely apologize to the LGBTQ community for my insensitive words from my past.
- Kevin Hart (@KevinHart4real) December 7, 2018
No host has been confirmed for the ceremony, but who knows? Cheech and Chong could have their chance.