MTV Movie Awards To Honor Mike Myers With Generation Award; 'Now I'm Set,' He Says

'The only thing I had left to do was win the MTV Generation Award, and now I'm set,' actor says.

Talk amongst yourselves. I'll give you a topic: In a move that will have millions of fans screaming, "We're not worthy," the MTV Generation Award will be presented to comedian Mike Myers at the MTV Movie Awards on Sunday.

The awards show's highest honor, the trophy recognizes an actor or actress who has continuously delighted audiences over many years. From "Saturday Night Live" to "Wayne's World" to "Austin Powers" to "Shrek," Myers has kept generations of MTV audiences laughing for nearly two decades.

"We have an ogre, an international spy of mystery, a rhyming cat and a rock-star wannabe with his own local cable-access show ... now that's a guest list!" MTV President Christina Norman enthused. "It's a party, and Mike is our guest of honor. On Sunday our audience will present him with the MTV Generation Award for all the years he has made us laugh, captured our imagination, and left us leaving the theater with a smile."

Myers joins the illustrious ranks of Tom Cruise and Jim Carrey, the only two past recipients of the coveted award (see "Jim Carrey And Spike Lee Scoring Big Honors At MTV Movie Awards" and "Eminem Teases Lindsay And Newbies Rule At MTV Movie Awards").

"From performing, to hosting, to winning the desirable golden bucket of popcorn, I've accomplished it all at the MTV Movie Awards," Myers said. "The only thing I had left to do was win the MTV Generation Award and now I'm set. Thank you, MTV."

Myers will take the stage alongside mega-watt celebrities like Cameron Diaz, Jessica Alba, Shia LaBeouf, Bruce Willis and Jessica Biel, all there to present awards at the show, which will be hosted by foulmouthed comedienne Sarah Silverman and broadcast live at 8 p.m. ET from Universal City, California's Gibson Amphitheater (see "MTV Movie Awards Nominees: Pirates, Spartans — And That Crazy Kazakh" and "MTV Movie Awards Get Even Sexier With Cameron Diaz, Jessica Biel, Mandy Moore").

Pop sensation Amy Winehouse will also be there to perform her hit single "Rehab," while Rihanna and Jay-Z will sing "Umbrella" (see "MTV Movie Awards To Get Rocked By Jay-Z, Rihanna, Amy Winehouse").

Catch the latest on the 2007 MTV Movie Awards, including exclusives from host Sarah Silverman, nominee and presenter announcements, photos, highlights from years past and much more at MovieAwards.mtv.com And don't forget to grab the popcorn and tune in to the big show when it airs live — for the first time ever! — Sunday at 8 p.m. ET.

Visit Movies on MTV.com for more from Hollywood, including news, reviews, interviews and more.

For breaking news, celebrity columns, humor and more — updated around the clock — visit MTVMoviesBlog.com.

Want trailers? Visit the Trailer Park for the newest, scariest and funniest coming attractions anywhere.