VIDEO: Meryl Streep, Eddie Redmayne & More Featured in Hilarious James Corden LATE LATE SHOW Debut

Tony Award winner James Corden made his LATE LATE SHOW hosting debut on CBS last night. The 'Into the Woods' star opened the show with a hilarious explanation as to how he got the gig, which featured such luminaries as Billy Crystal, Lena Dunham, George Lopez, Simon Cowell, Chris Rock and Eddie Redmayne.

In the video, James is coached for his upcoming position by the likes of Jay Leno, Shia LaBeouf, Allison Janney and Arnold Schwarzenegger. In the end he is saved by the one and only Meryl Streep! Check out the opening footage below!

James Corden takes the reigns as host of THE LATE LATE SHOW on Monday, March 23, 2015. The 36-year-old Corden comes to American late night television with a growing list of award-winning and critically acclaimed credits. He is a Tony Award-winning performer on Broadway, a BAFTA-winning star of a UK television series, a feature film actor with two releases this year, and an acclaimed host, writer and producer in several genres of television.

Corden starred opposite Meryl Streep, Johnny Depp and Emily Blunt in the Golden Globe Award-nominated feature film "Into the Woods," which hit theaters on Dec. 25, 2014. Additionally, Corden hosts the BAFTA Award-winning UK sports-themed comedy game show "A League of Their Own" on Sky 1 and stars in, produces and writes the BAFTA nominated comedy thriller "The Wrong Mans," which is available on Hulu and airs on the BBC. In 2013, Corden was awarded the Royal Television Society Award for Comedy Writer of the Year for his work on the show. Also, this year he will appear in the BBC television movie "Esio Trot," alongside Dustin Hoffman and Judi Dench.

Outside of his native England, Corden attracted international attention as the lead in the hit comedic play "One Man, Two Guvnors," performing first in the National Theatre and the West End in London and then on Broadway, which earned him the 2012 Tony Award for Best Leading Actor in a Play. His additional theater credits include the worldwide tour of "The History Boys" in the role of Timms, which he also played in the feature film adaptation.