"Give me four more Oscars or I'll make 'The Haunting 2.' When you're good to Catherine, Catherine's good to you," she sang with a smile. The actress appeared in "The Haunting" in 1999.
Zeta-Jones, who won an Oscar for her part in the film version of "Chicago," also tap danced in high heels Thursday before being presented with the brass pudding pot - an honor that she joked ranked with "the 10 hours I labored to give birth to my children."
"All the brilliance that congregates here at gorgeous Harvard. ... It's nice to know that there's not one ounce of class," Zeta-Jones said.
Husband Michael Douglas arrived before the ceremony and watched the tomfoolery from the audience. He was crowned the Hasty Pudding Man of the Year in 1992.
The awards are given to performers who have made a "lasting and impressive contribution to the world of entertainment," by Hasty Pudding Theatricals, the nation's oldest undergraduate drama troupe.
Earlier, Zeta-Jones appeared on the steps of the Hasty Pudding Theater surrounded by cast members in drag. A traditional parade was canceled because of rain.
Zeta-Jones, 35, earned a best supporting actress Oscar for her role in "Chicago" and has starred in such films as "The Terminal," "America's Sweethearts" and "Intolerable Cruelty."
Actor Tim Robbins is scheduled to be crowned Hasty Pudding Man of the Year on Feb. 17.
Robbins, 46, earned a best supporting actor Oscar for his work in "Mystic River." He has also appeared in "The Shawshank Redemption," "The Player," "Bob Roberts," and "Austin Powers: The Spy Who Shagged Me." His partner of 17 years is actress Susan Sarandon.
Zeta-Jones and Robbins both appeared in the 2000 film "High Fidelity."
Last year's Hasty Pudding standard bearers were
By Nancy Rabinowitz