Lindsay Lohan to play Elizabeth Taylor in Lifetime biopic

"Saturday Night Live" announced on Saturday that Lindsay Lohan would be hosting their March 3 show, to the surprise of many fans -- particularly considering the fact that she doesn't have a project to promote, aside from the completion of her court-mandated community service.

Just in time, though, Lohan has snagged a new gig -- which we're guessing is a bit of a dream project for her, considering her ongoing obsession with Old Hollywood. Access Hollywood confirms that Lohan has been cast as Elizabeth Taylor in the upcoming Lifetime movie "Liz and Dick."

The made-for-TV movie follows the mercurial romance of Elizabeth Taylor and Richard Burton. It's expected to span their entire relationship, including their days on the set of "Cleopatra" and their two marriages and subsequent divorces.