Ben Stiller and Scarlett Johansson are this year's recipients of the Hasty Pudding Prize for "contribution to the world of entertainment".
Stiller recently starred in Night At The Museum
Harvard University's Hasty Pudding Theatricals, the oldest undergraduate drama troupe in the US, hands out the pudding award each year.
Lost In Translation actress Johansson, 22, will lead a parade through Harvard next month before receiving her prize.
Last year's winners were film stars Richard Gere and Halle Berry.
Stiller, 41, is a leading member of the Hollywood "frat pack", which also includes actors Owen Wilson, Will Ferrell and Vince Vaughn.
His most recent film, Night At The Museum, topped the box office in both the US and the UK.
Johansson will lead the traditional student parade next month
He has also directed several hit films including Zoolander, The Cable Guy and Reality Bites.
In 2005, however, he was nominated worst actor at the Golden Raspberry awards for his roles in five separate films.
Stiller will receive his "pudding pot" on 23 February, before the opening night performance of the Hasty Pudding group's production of The Tent Commandments?
Johansson, who won a Bafta award for her role in Lost In Translation, will appear at the University - in Cambridge, Massachusetts - on 15 February.
Last year, Richard Gere donned a white bra and blonde wig to accept his prize, before performing a song based on Razzle Dazzle from Chicago, in which he starred.