James Frano Strip Down for "King Cobra"!

Well, hey, boys! James Franco strips down to nearly nothing in the new trailer for his upcoming gay porn thriller King Cobra, which he stars in and produced.

 James Franco Strip Down In the New Trailer for His Gay Porn Thriller ‘King Cobra’

 the 38-year-old actor portrays Joe, an adult-film producer who is competing to lure the talents of Brent Corrigan (played by Disney alum Garrett Clayton) away from a rival X-rated producer.

In the steamy preview, Franco and Clayton, 25, get cozy with each other and show off their hot bodies in a slew of sweat-inducing shirtless scenes.

The movie is based on the real-life murder of gay porn producer Bryan Kocis, who's embodied by Christian Slater’s Stephen. King Cobra features a star-studded cast, including nostalgic favorites such as Molly Ringwald and Alicia Silverstone.

Earlier this year, Slater, 47, and Franco opened up about playing gay characters.

"I remember when I saw Brokeback Mountain and I had such a visceral reaction to that movie, and thought, ‘Oh, my god, I could never do anything like that,'" Slater told The Hollywood Reporter back in April about the Oscar-winning movie about two gay cowboys. "And as I've gotten older, I think I have gotten less judgmental about things and hopefully a little bit more mature about these subject matters."

He added: "I've never played a homosexual before and I just didn't want to, I guess, bring any stereotypical nonsense to it, or do any kind of caricature-y type things that I've seen in other films. I just wanted to be a human being who happens to like young men."

For his part, Franco noted that tapping into Joe’s mindset wasn’t too difficult. "We could go pretty large with our characters; they are pretty ridiculous," he told Variety in April. "[Director] Justin Kelly calls them GTL — gym, tan, laundry — kind of guys. That's all they do: go to the gym, tan and do their laundry."