The Devil Wears Prada star was brought onstage by members of the Massachusetts institution's amateur theatrical group, who poked fun at her career as part of the wacky annual ceremony.
The all-male cast donned drag to portray Hathaway's former co-stars Meryl Streep and Dame Julie Andrews, before forcing their honouree to sing, arm-wrestle and sword fight a student dressed as 'Puff Daddy the Magic Dragon.'
Hathaway was also treated to a ride in a convertible car for a parade, but insisted she didn't mind the freezing temperatures and snowfall: "Personally with my skin tone, I probably would have gotten a sunburn, so the weather was perfect for me!"
Justin Timberlake will be presented with the Hasty Pudding Man of the Year prize on 5 February (10).
Last year (09), Renee Zellweger was forced to dress up in a fat suit to accept the Woman of the Year prize.