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Lanford Beard
June 18, 2012 AT 08:00 PM EDT

Regis Philbin will step in for Hoda Kotb as fourth-hour co-host of the Today show this week, Kathie Lee Gifford announced this morning. Wednesday (or “Winesday,” as Gifford and Kotb call it) will mark the first time the iconic duo has co-hosted since Gifford vacated her spot on Live! With Regis and Kathie Lee in 2000. Said Gifford, “We’re just going to let him show up and let the sparks fly. Should be fun!”

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