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For the first time in twelve years, Regis Philbin and Kathie Lee Gifford will be co-hosts again. Reeg will fill in for Hoda Kotb as “Today’s” fourth-hour co-host on Wednesday, Kathie Lee announced on Monday’s episode of “Today.” Kathie Lee and Regis co-hosted “Live” for twleve years until Gifford exited in 2000. “We’re just going to let him show up and let the sparks fly,” Kathie Lee said of Philbin’s appearance. “Should be fun!” Watch Kathie Lee break the news at the 3:26 mark above.