The comedian was cruising on a small launch boat in St. Tropez ... and as he got closer and closer to the Hall of Famer's super-yacht you can hear Cedric get giddy. Now that's one helluva first impression. The yacht -- called the Aquila -- is a 281-foot ship that costs nearly a MILLION BUCKS per week to rent.
As we've told you ... Magic's vacations usually last around 6 weeks. That makes for one baller $6 million vacation. The boat itself's practically a hotel ... featuring a dining room area, movie theater, hot tub and massive outdoor deck. The ship can host 12 guests with a crew of 28.