Watch James Franco's rejected 2009 UCLA commencement speech

Watch James Franco's rejected UCLA commencement speech and see if you think he shoulda used that jet pack after all.

We'd post this Funny or Die video but there's a few F-bombs in it. So click here.

Just don't get him going on (click here to see him snoring) falling asleep in class!

He compares himself to President Barack Obama. We can see that.  And he was shocked to find out that "Milk" was the name of a guy. But he did the movie anyway.

And now -- as the result of that groundbreaking film -- he is proud to announce that gay people can have jobs, and can be teachers and politicians and doctors and stuff like that.

This dude is pretty smart.

Smart enough to send up his own stoner/slacker image.

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Photo credits: FilmMagic