March 20, 2009 at 12:00 PM EDT

Ellen DeGeneres has emerged victorious in her ‘O, Yes I Can!’ campaign to get on the cover of Oprah Winfrey’s O magazine. On today’s Ellen, Oprah surprised DeGeneres, via satellite (watch below), and officially offered her a cover. (She also apologized, again, for someone at her office keeping DeGeneres on hold for 11 minutes when she tried to reach Winfrey.)

Ellen was genuinely breathless with anticipation, but managed to speak when Winfrey asked her what her conditions would be (besides being allowed to wear pants): “Yeah, I’ll get my attorneys on it right away, and they’ll send you something.” Winfrey said she’d been following DeGeneres’ campaign and was happy to offer the happy ending because, “I believe that when you dream it and conceive it, you can have it and achieve it.” That’s so true. Especially if you are a major television star with a loyal following that adores you. Hence DeGeneres’ new goal: to make the cover they share O‘s best-selling issue ever. Can Ellen top First Lady Michelle Obama? We’ll see…. In the meantime, pitch your cover concepts for DeGeneres’ O shoot below.

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