11/01/2011 08:57 am ET Updated Jan 01, 2012

Jimmy Fallon's 'Celebrity Whispers' Narrates More Red Carpet Moments (VIDEO)

Jimmy Fallon's entertainment correspondent alter-ego Peggy Hess returned Monday night with another round of "Celebrity Whispers."

In the bit, Fallon tries to guess what different stars are whispering to one another on the red carpet while they're having their photo taken.

Because seriously, what could Katy Perry and Russell Brand possibly be giggling about when they're standing in front of a sea of paparazzi cameras?

We can't be positive, of course, since we're not professional lip readers, but we think Peggy Hess' guesses are as close as you can get.