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Jerry Seinfeld kinda sums up what I think about the silly show:
"Worst thing about the Oscars," comedian Jerry Seinfeld joked during a 2002 show at, of all places, UT-Arlington's Texas Hall, "is that they never tell you the final scores. We're Americans. We not only want to know who won, but by how much. Was it a blowout? Overtime? Tell us! All we really get is a bunch of people all dressed alike patting each other on the back going, 'Good job of pretending to be someone else.'"
Source.