Youtube! Anne Hathaway gets rescue “Wardrobe Malfunction” from James Franco with a giant red Academy Awards blanket

Anne Hathaway suffers a wardrobe malfunction in this jokey new advert for this year's Oscars.

The actress, who will host the Academy Awards with James Franco, can be seen on-stage presenting a gong when her dress slips off her shoulder.

Franco runs to her rescue, throwing a red blanket around the star to prevent her blushes.
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Strappy dress: Oscars co-presenter Anne Hathaway holds her arms out in an ad for this year's Academy Awards

Whoops: But her dress then begins to slip in the jokey ad to promote the glitzy event (read more, see video, and see more pictures)