Just in time for the holidays, Oprah and Ellen revealed the big magazine cover they’ve been talking about for months -- on today's Ellen and on Oprah.com.

Ellen and Oprah actually shot two covers for the holiday issue of O magazine -- one with Ellen popping up out of a wrapped box and another with Ellen filling up Oprah’s champagne flute from a flask.

The issue will be on newsstands later this month. Click here to see both covers.