My family has an Oscar Night tradition. Every year, we gather at my brother's house to watch the whole thing, Barbara Walters and all. We have a nice dinner, usually tapas, so that we can eat without missing a single reaction shot. It's always a lot of fun talking about the movies we've seen and gossiping about the celebrities, and we even take the next day off, if possible, so that we can enjoy the broadcast until the bitter end, usually sometime around midnight here on the east coast. This year my mom flew in from Minnesota to join the party. Woo hoo!
Of course, there's a friendly wager: ten bucks each, winner take all. Wish me luck!