West hijacked Swift's acceptance speech last month after she won best female video at the MTV Video Music Awards.
Swift says there are some hilarious things that have happened to her over the past couple of months that she thinks will make for skits on the show.
Swift called the chance to host "mind-blowing" and says it's been difficult to keep it a secret since producers asked her during the summer. She'll also be the musical guest when she hosts Nov. 7.
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