Andy Cohen tells us what it’s like to work with his long-time friend and colleague Anderson Cooper.

Ahead of SiriusXM’s 10th annual Radio Andy Holiday Hangout (which he co-hosts with Amy Sedaris) on December 19 in NYC, Cohen, 56, spoke exclusively to PEOPLE about his love of radio, his upcoming holiday plans and the “most annoying” part of it Hosting CNNs New Year’s Eve Live with Cooper, 57.

“Well, I have to be the straight guy,” the Bravo host revealed. “Literally he’s giggling for the last 90 minutes of the show and I’m the one doing all the commercial breaks.”

“I sort of turn into Mr. CNN in the last 90 minutes and he turns into Mr. Bravo,” he added. “It’s a very funny role reversal.”

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The comment followed Cooper expressing his biggest frustration with hosting the New Year’s Eve show during a recent appearance on Cohen’s Bravo series See what’s happening live.

“Just who he’s going to offend and what the cleanup in Aisle 3 is going to look like in the morning,” Cooper, 57, said during the Dec. 16 episode.

Cooper’s comment – although said lightly – likely refers to an incident in 2021 in which Cohen claims he was served too much alcohol during the live event, which led him to skip a competing New Year’s show on ABC, hosted by Ryan Seacrest , to offend. Cohen called Seacrest’s show a “group of losers,” which landed him in hot water the next day.

I’m talking about the incident a few days later The Howard Stern ShowCohen admitted that he regretted his actions. “I really like Ryan Seacrest and he’s a great guy and I really regret saying that and I was just stupid and drunk and felt that,” he told Stern.

This is the eighth year in a row that Cohen and Cooper have hosted the CNN special, and viewers expect – and look forward to – watching the old friends make each other laugh. Fans in particular love watching the normally buttoned-up Cooper let loose.

Cohen and Cooper have been friends for over two decades and first connected when a mutual friend tried to set them up. Although a date never materialized (Cooper called it off after speaking to Cohen on the phone), the two struck up a friendship several years later and became platonic friends.

Now the couple has developed a bond through fatherhood. Cohen is father to Benjamin, 5, and Lucy, 2, while Cooper shares sons Wyatt, 4, and Sebastian, 2, with his ex-partner Benjamin Maisani.

“We are these geriatric patients hobbling around and chasing our children, but you see, it’s another unifying thing,” Cohen said in one of his December 2022 episodes Table for two Podcast. He also shared that he was “so glad” that his children could spend time with other children who come from a two-dad home.

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CNN’s New Year’s Eve Live with Anderson Cooper and Andy Cohen will be broadcast live from New York’s Times Square at 8 p.m. ET on CNN and Max.