Facebook founder and college dropout Mark Zuckerberg has been picked to give the address at this year's commencement ceremony for Harvard University.

In a humorous video put out by Harvard on Tuesday (March 7), Zuckerberg taps Microsoft co-founder Bill Gates - a fellow dropout who delivered the address in 2007 - to help him out with what to say at the event in May.

Both men are billionaires who dropped out of Harvard.

"They know we didn't actually graduate, right?" Zuckerberg asks Gates.

"Oh, that is the best part! They actually give you a degree!" Gates quips.

Commencement speakers are often presented with honorary degrees from the universities that have invited them to speak.

Zuckerberg originally enrolled in Harvard as a member of the class of 2006, but never obtained an undergraduate degree after moving to Palo Alto, California to focus on Facebook, according to CNBC. Gates left school after just two years to co-found Microsoft.

"Mark Zuckerberg's leadership has profoundly altered the nature of social engagement worldwide. Few inventions in modern times can rival Facebook in its far-reaching impact on how people around the globe interact with one another," Harvard president Drew G. Faust said in a statement.

"And few individuals can rival Mark Zuckerberg in his drive to change our world through the innovative use of technology, as well as his commitment to advance science, enhance education, and expand opportunity through the pursuit of philanthropy."

The ceremony for Harvard's 366th commencement is slated for May 25 in the afternoon.

Previous Harvard commencement speakers include Steven Spielberg, Michael Bloomberg and Oprah Winfrey.