MTV has released the first sneak peek of Punk'd, which returns with a new season Monday, March 19. Click on the video player below, which features guest hosts Miley Cyrus and Kelly Osbourne punking Khloe Kardashian. You can also read the official press release from MTV, which announces some of the guest hosts for this new season.

Get ready for bigger and better laughs and surprises, when MTV's groundbreaking hit series Punk'd returns for an all-new season on Monday, March 19. The series, which became a pop culture phenomenon, is back, revealing the vulnerable and fun-loving side of Hollywood's A-list celebrities as only MTV can. This season, Ashton Kutcher is passing the torch to a different celebrity host each week, including Justin Bieber, Miley Cyrus, Kellan Lutz, Bam Margera and Punk'd alum Dax Shepard, among many others, who will punk their unsuspecting famous friends. Be on the lookout for more of your favorite stars, who will serve as celebrity hosts this season as well, to be revealed soon.

"What better way to ring in the New Year than to let our audience know that Ashton and MTV are bringing back Punk'd in a big way", said Van Toffler President MTVN Music Group, LOGO and Film. "There's a new generation of unsuspecting suckers just waiting to be Punk'd by their famous friends, and fans will once again have a front row seat to see the shock on the faces of their favorite celebs."

Punk'd is taken to a whole new level this season, with more complex, hilarious and fun punks than ever before. For the first time in the series' history, the curtain will be pulled back, giving viewers an inside look at what goes on behind-the-scenes to pull off these elaborate pranks. Get ready for some real outrageously fun moments that you wouldn't expect from your favorite stars!

Punk'd is Executive Produced by Katalyst's Jason Goldberg and Ashton Kutcher. Lauren Dolgen, Colin Nash, Kristina Edwards and Jennifer Russakoff are the Executives in Charge of Production for MTV.