The 85th Academy Award winners have been chosen, the red carpet has been brightened by a cacophony of colourful gowns and the golden Oscar statues are polished and ready to go.
So with the great, good and exquisitely preened of Hollywood filed into the Dolby theatre it's time for dreams to made... or broken.
The first award of the night brought forth a distinguished quintet of nominees all vying for the Best Supporting Actor Award.
Dark horse: Christoph Waltz beat Robert De Niro and Tommy Lee Jones to bag the Best Supporting Award for his role in Tarantino's Django Unchained
Ang Lee's sumptuous Life of Pi was them recognised for cinematography and visual effects, and Disney's Brave awarded the laurels for Best Animated Feature Film... Paperman got the nod for Short Animation.
The atmosphere is always tense inside the strangely ordinary theatre on the seedy end of Hollywood Boulevard at this award show of award shows, and the fact that all alcohol is banned during the ceremony - unlike the Golden Globes - only adds to the jagged sense of anticipation in the stuffy air.
Proud moment: Waltz starred in Tarantino's last movie, Inglorious Bastards, but he's been recoginsed for Django... and the director looked delighted
Good sport: Tommy Lee Jones took losing to Waltz well, and was cheerier than he appeared to be at the Golden Globes
They've starved themselves, stood starkers for the spray-tan, had the Hollywood smile teeth touched up, the Botox injected and brutal facials that knock their cheekbones into tip top shape; and that's just the men.
America's sweetheart: Reese Witherspoon wasn't nominated but she was happy to help with tonight's presentation
Let me entertain you: Seth MacFarlane brought his cheeky brand of humour to proceedings
Ready to go: The stars discover who will take home 2013's coveted Oscars
Argo headed into Sunday's Oscars as almost everyone's favourite for best picture, but movie behemoth Steven Spielberg's Lincoln had a dozen nominations under its historical accurate belt - the most of any movie on the night.
But Ben Affleck's 1970s Iran hostage drama and Spielberg's historical epic still have competition from a few dark horses.
Argo f*** yourself? Ben Affleck's been snubbed in the director category but Argo is tipped to sweep the rest of the board
Going for gold: Spielberg's Lincoln has twelve nominations and even if Argo steals Best Picture, Daniel Day-Lewis is almost certain to walk away with Best Actor
Affleck’s Argo has won most of the big awards in the run up on to the big night; including the Screen Actors Guild Award for Best Picture which is thought to be the clearest indicator of Oscar success.
The critically acclaimed movie - which was also a massive box office hit - also walked away with the Producers Guild of America, the Writers Guild of America and the Directors Guild of America, which gave Affleck its top prize for directing the film.
But Affleck won't be picking up the directing trophy as he wasn't nominated, meaning that if Argo does collect best picture - it will be the first time a film wins without its director being nominated since 1989's Driving Miss Daisy, he also produced the film with George Clooney and Grant Heslov.
Ladies' night: Anne Hathway is tipped to win Supporting Actress while Jennifer Lawrence is the hot name for the Best Actress award
Names in the frame: Hugh Jackman is nominated for Best Actor for his sterling work in Les Miserables while favourite Robert De Niro has a Best Supporting nod for Silver Linings Playbook
This years films have been more popular than the Academy is used to, six of the nine nominees have grossed more than $100 million the US and they're hoping that they can draw in a younger audience with the hit movies, and the edgy hosting fulcrum that is MacFarlane.
Daniel Day-Lewis is expected to be named lead actor for his starring role in Lincoln, while Anne Hathaway's turn as Fantine in Les Miserables is thought to be a given for the supporting actress trophy.
The best actress race is seen as a contest between Jennifer Lawrence for Silver Linings Playbook and Emmanuelle Riva in Amour.
And the favourites for supporting actor are Robert De Niro for Silver Linings Playbook and Tommy Lee Jones for Lincoln.
ACADEMY AWARDS 2013
Best Picture: Amour, Argo, Beasts of the Southern Wild, Django Unchained, Les Miserables, Life of Pi, Lincoln, Silver Linings Playbook, Zero Dark Thirty.
Actor: Bradley Cooper, Silver Linings Playbook; Daniel Day-Lewis, Lincoln; Hugh Jackman, Les Miserables; Joaquin Phoenix, The Master; Denzel Washington, Flight.
Actress: Jessica Chastain, Zero Dark Thirty; Jennifer Lawrence, Silver Linings Playbook; Emmanuelle Riva, Amour; Quvenzhane Wallis, Beasts of the Southern Wild; Naomi Watts, The Impossible.
Supporting Actor: Christoph Waltz, Django Unchained.
Supporting Actress: Amy Adams, The Master; Sally Field, Lincoln; Anne Hathaway, Les Miserables; Helen Hunt, The Sessions; Jacki Weaver, Silver Linings Playbook.
Directing: Michael Haneke, Amour; Benh Zeitlin, Beasts of the Southern Wild; Ang Lee, Life of Pi; Steven Spielberg, Lincoln; David O. Russell, Silver Linings Playbook.
Foreign Language Film: Amour, Austria; Kon-Tiki, Norway; No, Chile; A Royal Affair, Denmark; War Witch, Canada.
Adapted Screenplay: Chris Terrio, Argo; Lucy Alibar and Benh Zeitlin, Beasts of the Southern Wild; David Magee, Life of Pi; Tony Kushner, Lincoln; David O. Russell, Silver Linings Playbook.
Original Screenplay: Michael Haneke, Amour; Quentin Tarantino, Django Unchained; John Gatins, Flight; Wes Anderson and Roman Coppola, Moonrise Kingdom; Mark Boal, Zero Dark Thirty.
Animated Feature Film: Brave
Production Design: Anna Karenina, The Hobbit: An Unexpected Journey, Les Miserables, Life of Pi, Lincoln.
Cinematography: Life of Pi
Sound Mixing: Argo, Les Miserables, Life of Pi, Lincoln, Skyfall.
Sound Editing: Argo, Django Unchained, Life of Pi, Skyfall, Zero Dark Thirty.
Original Score: Anna Karenina, Dario Marianelli; Argo, Alexandre Desplat; Life of Pi, Mychael Danna; Lincoln, John Williams; Skyfall, Thomas Newman.
Original Song: Before My Time from Chasing Ice, J. Ralph; Everybody Needs a Best Friend from Ted, Walter Murphy and Seth MacFarlane; Pi's Lullaby from Life of Pi, Mychael Danna and Bombay Jayashri; Skyfall from Skyfall, Adele Adkins and Paul Epworth; Suddenly from Les Miserables, Claude-Michel Schonberg, Herbert Kretzmer and Alain Boublil.
Costume: Anna Karenina
Documentary Feature: 5 Broken Cameras, The Gatekeepers, How to Survive a Plague, The Invisible War, Searching for Sugar Man.
Documentary (short subject): Inocente, Kings Point, Mondays at Racine, Open Heart, Redemption.
Film Editing: Argo, Life of Pi, Lincoln, Silver Linings Playbook, Zero Dark Thirty.
Makeup and Hairstyling: Les Miserables.
Animated Short Film: Paperman.
Live Action Short Film: Asad, Buzkashi Boys, Curfew, Death of a Shadow (Dood van een Schaduw), Henry.
Visual Effects: Life of Pi
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