The `Batman Returns` star was hugely excited to receive the honour yesterday (18.08.11), and pulled a number of comedy poses with his star before taking off his shoes and walking over it barefoot, to avoid dirtying it.
The 66-year-old actor was accompanied at the presentation ceremony - which also marks 40 years for him in Hollywood - by wife Rhea Perlman and their three children Lucy, 28, Grace, 26, and Jacob, 23.
He joked to E! News: "The question is, do I get to take this home or do we leave it here? Or do I move into this store over here, and every day I come and polish it?"
Danny also happily signed autographs for a number of fans.
The diminutive actor got his first break playing dispatcher Louie De Palma on TV series `Taxi`, which ran from 1978 to 1982, before moving onto films, appearing in a host of hits, including `Romancing the Stone`, `Twins`, `One Flew Over the Cuckoo`s Nest` and `Wise Guys`.
He has also directed several movies, including `Throw Momma from the Train`, and alongside his wife founded production company Jersey Films, which has generated movies such as `Pulp Fiction` and `Garden State`.
Danny`s star was the 2,445th to be added to the Walk of Fame, and at the ceremony he was also presented with a much smaller framed version to take home.