James Franco Lindsay Lohan Nude Coffee Table Photo Book

James Franco’s still sulking after tanking as co-host of Sunday night’s universally-panned Academy Awards, but we don’t expect to see the studious stud down in the dumps for long. Nothing gets a guy chipper faster than getting naked with a beautiful woman.

Even if her name is Lindsay Lohan!

The screen stars, once romantically-linked, have inked a multimillion deal to front an explicit pornographic photographic book snapped by famed celebrity photog Terry Richardson, Britain’s Daily Mirror dished over the weekend. The 24-year-old, who has not starred in a hit flick since 2004′s Mean Girls, has reportedly signed an estimated $3.3 million deal to front the chatworthy coffee table book. Loosely inspired by Madonna’s groundbreaking 1992 tome Sex, James and Lindsay’s still untitled collaboration will reportedly contain “full frontal nudity” and “graphic shots.”

Down, Boys!

“Lindsay is struggling to get another break in Hollywood. There’s a stigma attached to working with her and she is determined to change this – starting with the photographic book,” whispers a snitch. “Terry Richardson has persuaded Lindsay and James to get involved. He has assured them it will be provocative but tasteful. There will be a lot of nakedness – some of it graphic and suggestive – but it will be a real statement book.”