It’s official: Alec Baldwin and Steve Martin will be co-hosting the Oscars. Martin is a common-sense pick; teaming him up with Baldwin, who’s never hosted before, is a bolder move. How’d he get the gig? The answer may be in these four words: Elle Women in Hollywood.

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Alec Baldwin reportedly stole the show at Elle Magazine’s 16th Annual Women in Hollywood tribute Monday night, delivering terrific lines that left the audience rolling in the aisles while serving as the event’s first male host. Video of his presentation after the jump.