and co-host Pete Davidson RAP own rendition of Will Smith's Miami ...

and co-host Pete Davidson RAP own rendition of Will Smith's Miami ...
Miley Cyrus and co-host Pete Davidson RAP own rendition of Will Smith's Miami ...

Miley Cyrus and co-host Pete Davidson got the crowd pumped up as they opened Miley Cyrus' New Year's Eve Party, which is currently being streamed live from Miami, Florida on NBC.

The 29-year-old Hannah Montana alum and the 28-year-old funnyman put their rap skills to the rest while performing their own hilarious rendition of Will Smith's hit single Miami.

The dynamic duo gave multiple nods to their mutual love of marijuana, joked about strict FCC guidelines around 'cursing', and and playfully bickered over who's the true 'star of the show.'

Pumped up! Miley Cyrus and co-host Pete Davidson got the crowd pumped up as they opened Miley Cyrus ' New Year's Eve Party, which is currently being streamed live from Miami, Florida on NBC

Pumped up! Miley Cyrus and co-host Pete Davidson got the crowd pumped up as they opened Miley Cyrus ' New Year's Eve Party, which is currently being streamed live from Miami, Florida on NBC

Miley flashed her enviably toned tummy in a barely-there metallic tube top and a glitzy beaded skirt.

She gave her look some funky Miami flair by throwing on a rainbow fur coat. She slipped her feet into a pair of strappy heels to stomp around the stage with Davidson.

Cyrus' bleach blonde hair was blown out and she highlighted her large blue peepers with a pale eyeshadow look and dramatic winged eyeliner.

With a twist: The 29-year-old Hannah Montana alum and the 28-year-old funnyman put their rap skills to the rest while performing their own hilarious rendition of Will Smith's hit single Miami

With a twist: The 29-year-old Hannah Montana alum and the 28-year-old funnyman put their rap skills to the rest while performing their own hilarious rendition of Will Smith's hit single Miami

Poking fun: The dynamic duo gave multiple nods to their mutual love of marijuana, joked about strict FCC guidelines around 'cursing', and and playfully bickered over who's the true 'star of the show'

Poking fun: The dynamic duo gave multiple nods to their mutual love of marijuana, joked about strict FCC guidelines around 'cursing', and and playfully bickered over who's the true 'star of the show'

Shady: Pete rocked a pair of shades and put on his most Miami-approved getup consisting of a highly patterned button-up shirt and trousers

Shady: Pete rocked a pair of shades and put on his most Miami-approved getup consisting of a highly patterned button-up shirt and trousers

Pete rocked a pair of shades and put on his most Miami-approved getup consisting of a highly patterned button-up shirt and trousers.

The SNL star kept his newly shaved head concealed beneath a ball cap as he spoke directly to the audience with Cyrus by his side.

Once the jovial hosts wrapped up their opening number, they eagerly welcomed the night's first guest act to the stage, Saweetie.

The 28-year-old rapper performed her hit song TAP IN while rocking a figure-hugging bodysuit and a semi-sheer green sarong.

She was later joined on stage by Brazilian pop songstress Anitta to perform their collaborative track Faking Love.

The star-studded special will feature a number of performances from Cyrus, as well as the likes of her

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