Crystal finally got his hands on his brass pudding pot after he donned a plastic bra and purple hat with silver antennas.
"I actually look like Monica Lewinsky," Crystal quipped, after delivering a breathy version of "Happy Birthday, Mr. President," to the audience.
Crystal said he did not mind wearing the raunchy attire.
"This is how I started, so it's no big deal to get into this stuff," he said. "I'm so glad to be the guy holding the pot and not getting arrested for it."
Crystal said he saw pictures from previous years' Man of the Year ceremonies and wanted to be part of the action too.
"I always thought, 'Why not me?' he said. "Now it's me, and it feels great."
Set to host the Oscars at the end of March, Crystal said he is already starting to work on his routine for the show.
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