Its almost universally the least interesting part of the evening.
After all the build up and excitement and the nominees hopeful faces filling the screen, one winner is announced and they head up to the podium and end up talking endlessly, thanking everything from God to their dog.
This year, things are going to be different.
Earlier this week at the Oscar nominees luncheon (attendees photographed below, nailing home the #OscarsSoWhite issue, as only 12 of the 150 people are not Caucasian), the show's producer David Hill announced the changes.
Hill joked: "As you probably are aware and we don't want to embarrass anybody, but there is a long list of winners who have totally forgotten their directors, their husbands, their wives, their children and their animals,"
He then revealed that all nominees were to inform the show's producers before hand of a full list of everyone they would like thanked, and a TV screen next to the winner would roll out their list of names. This would then give every winner 45 seconds to talk about everything BUT the people they wish to thank, which leaves plenty of room for the next "I'm the King of the World!" or "You like me! You really, really like me!" moment.
We'll have to see if the new format pays off when the Academy Awards take place on February 28th.