Miami Beach, Fla. ? Luxury yachts and tricked-out cars. P. Diddy. And lots and lots of water.

MTV announced Monday that its Video Music Awards will feature all of those elements next month as it seeks once again to reinvent an awards show that routinely lures big stars and makes racy headlines.

Punk rockers Green Day led all musical acts with eight nominations, Gwen Stefani and Missy Elliott followed with six and U2 with five.

P. Diddy will host the Aug. 28 awards show, which comes at the height of Miami’s steamy summer and peak of hurricane season. The hip-hop mogul – or someone dressed like him (he was too far away to tell for sure) – swooped into Monday’s beachfront announcement on a jet pack.

“One word – hot,” said P. Diddy, wearing a white suit and a gray shirt with no tie. “It’s hot out here, and it’s going to be hot at the show.”

Besides Green Day, scheduled performers at the AmericanAirlines Arena overlooking picturesque Biscayne Bay include Kanye West and Kelly Clarkson. Also, for first-time, the VMAs will be scored with original music composed by Mike Shinoda of Linkin Park and hip-hop producer Lil Jon. West and Clarkson announced some of the nominees Monday.

Water will be the show’s theme, and MTV promised to create the most elaborate water effects ever produced in an awards show. The water show will be engineered in the arena by the same production company that erected the fountain in front of the Bellagio Hotel in Las Vegas.

“It could be a gigantic waterfall in the arena. It could be remote performances from pools around Miami,” said Dave Sirulnick, the show’s executive producer.

Green Day’s eight nominations include six for their socially conscious song “Boulevard of Broken Dreams” and two for the “American Idiot,” which also is the name of their critically acclaimed album.

“One thing I really want to plan for is … to play great, of course,” Billy Joe Armstrong, Green Day’s front man, said in a telephone interview. “If we don’t win anything, I know we’ll walk away with everyone knowing that we played really hard.”