James Franco debuts bizarre rainbow hair, hints it's for new Riff Raff music video

James Franco Looks Unrecognizable With New Rainbow Hair  -- See the Bold Pic!

It seems James Franco and Riff Raff may have buried the hatchet.

Years after the two eccentric artists feuded over the Franco's portrayal of a strikingly Riff-Raff-like character in 2012's Spring Breakers, it seems Franco might be playing the real deal.

WATCH: James Franco Celebrates His 38th Birthday at Disneyland Dressed as David Bowie

The 38-year-old actor took to Instagram on Tuesday to debut a peculiar new hairstyle, and implied he might be starring in the rapper's upcoming music video.

"MADE in AMERICA RIFF RAFF (@jodyhighroller) video dropping soon!!!" he wrote on Instagram, along with a mirror selfie sporting his rainbow hair and Riff Raff t-shirt.

Riff Raff himself seemed to confirm the news on his own social media accounts.

"THE WORLD iSNT READY," he tweeted in response to Franco's photo.

The "Versace Python" rapper chimed in on Instagram shortly after. "JUST GOT MY VERSACE COTTON CANDY HAiR PERM PRESSED FOR MY 'ONLY iN AMERiCA' ViDEO," he wrote.

RELATED: James Franco Opens Up About His Sexuality: 'I'm a Little Gay'

Franco clearly has no problem adapting to different characters -- in his latest film, King Cobra, the former Oscar host plays a gay porn producer.

"It has a very unique and dark narrative to it that was very intriguing," Franco told ET in April. "So, I thought it was doing a lot of disrupting."

See more in the video below.

James Franco and Keegan Allen Pump Iron in 'King Cobra' (NSFW Language)

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