"Ryan, hello! Death to the West!" a joyful Cohen-as-Aladeen exclaimed.
He claimed to be wearing John Galliano—a nod at the disgraced designer who was tried in France on charges of making anti-Semitic remarks—but said his socks were just from Kmart.
"As Sadaam Hussein once said to me, ‘Socks are socks, don't waste money,' " the unabashed funnyman told Seacrest.
Ryan then asked the dictator if one of the biggest perks of being so powerful was that he got to attend the Oscars.
"It gave me an opportunity to bring my dear friend and doubles tennis partner, Kim Jong Il," Cohen replied, hoisting an urn. "It was his dream to come to the Oscars and be sprinkled over the red carpet and Halle Berry's chest again."
But then, oopsy-daisy, Cohen stumbled and accidentally poured the ashy contents of the urn all over Seacrest's Burberry tuxedo, sending the E! host's colleagues into hysterics.
"We need to clean this up!" the actor yelled. "But if someone asks you what you are wearing, say Kim Jong Il!
"I had an idea something was coming, I didn't know in what fashion or form," the visibly stunned Seacrest said as Cohen sauntered off.
"We don't even know what to say!" a giggling Kelly Osbourne noted. "Do you know how lucky you are? You are the one chosen on the red carpet!" teased Giuliana Rancic.
"Is this a vision of luck?" Seacrest cracked, dusting himself off.
But, really, it's for the best. Halle Berry isn't coming anyway.