Legendary pop-punks perform "American Idiot," "When I Come Around" and "Basket Case"
"His consciousness infiltrated and illuminated our cultural voice," Smith says of Reed
"No one else can do anything the way Green Day does," Fall Out Boy basist Pete Wentz says
Billie Joe Armstrong says he became a rock fan as "soon as I opened my eyes and took my first breath"
John Lennon's widow says the Beatles drummer "embodies peace and love" at Rock and Roll Hall of Fame induction
"There isn't one other person on this planet that's been an inspiration to me like you have," singer says of rock idol
Tommy James also joined singer for "Crimson & Clover"
After five decades, the happy-go-lucky sidekick in the greatest band of all time is finally getting his solo moment in the sun
Watch vintage clips of Green Day, Ringo Starr, Lou Reed, Joan Jett and Stevie Ray Vaughan
Patti Smith, John Mayer, Peter Wolf and Steve Cropper will also deliver induction speeches
"Mick Jagger has always been chickenshit to get on stage with the Beach Boys," said Love.
Bill Withers, Stevie Ray Vaughan and Double Trouble, Paul Butterfield Blues Band will also be inducted next April
"I don't want to be one of those old guys that sounds like a gerbil trying to give birth to a hippopotamus," he says
"We're in incredible company and I'm still trying to make sense of this," he says
Lou Reed, N.W.A and Sting are also in contention for the Class of 2015, with voting again open to fans