Varma, who has often made snide comments on Johar's cinema, took to Twitter to share his feedback on the trailers of SOTY, which marks the acting debut of Varun Dhawan, Alia Bhatt and Siddharth Malhotra.
"'Student Of The Year' truly, really and honestly looks like it's the best film of Karan Johar and the bestest film of Indian cinema ever. I love the sheer, never-before-seen imagery and the extraordinary originality and even more extraordinary directorial brilliance.
He went on to compare Johar's work with that of Hindi film industry stalwarts.
"'Kuch Kuch ho gaya mujhe 'Student Of The Year' trailer dekhte dekhte'. I strongly feel 'Student Of The Year' will break the records of '3 Idiots'," he further wrote.
While SOTY releases Oct 19, Varma's "Bhoot Returns", the sequel to the 2003 movie "Bhoot", is set to hit screens Oct 12.