Party on, Mike Myers. The star of the "Wayne's World," "Austin Powers" and "Shrek" films will host the 2008 MTV Movie Awards.

The 17th annual show will air live from the Gibson Amphitheatre in Universal City, Calif., on June 1.

The celeb-filled event is the network's irreverent nod to the typical awards shows. Categories for Golden Popcorn trophies include best kiss, best villain and best comedic performance.

Nominees will be announced in May.

Myers, star of the upcoming film "The Love Guru," previously hosted the show in 1997.

"Mike Myers blew us away last time he hosted the MTV Movie Awards with his `Lord of the Dance' and over-the-top musical productions," Van Toffler, president of MTV Networks Music, Logo and Films Group, said in a statement Wednesday.

"He keeps creating iconic film characters that have been etched in the minds of MTV's audiences forever," Toffler said. "`The Love Guru' is sure to spur yet another cultural movement, so we're elated to have Mike back as our host."

Mark Burnett ("Survivor," "The Apprentice") is executive producer of the show.

"Hosting the MTV Movie Awards is like a party, but without having to do beer runs in your mom's minivan; we do beer runs in Will Smith's four-story motorhome," Myers, 44, said in a statement.