Last year it was all about the Brits - thanks to our lovely Colin Firth and the brilliant King's Speech - but for 2012, it was the French who stole of the Oscars glory. Yes, The Artist scooped a whooping five awards including best picture, best actor AND director.
Billy Crystal hosted the ceremony and although his quips weren't a scratch on Ricky Gervais' hilarious routine at the Golden Globes, he kept the crowd entertained by breaking into song. 'Nothing takes the sting out of economic recession like a bunch of millionaires handing each other golden statues,' he joked.
Meryl Streep and Jean Dujardin
Three cheers go to Meryl Streep who picked up the third Oscar of her career. Colin Firth presented the award and described Ms Streep as 'unreasonably good' in her role as Margaret Thatcher in The Iron Lady.
Meanwhile, Octavia Spencer picked up the supporting actress gong for her role in The Help and was clearly emotional as she accepted her award from Christian Bale. Fighting back the tears, she said: 'I'm sorry, I'm freaking out.' No need to apologise, dear.
Click through the gallery above to see last night's lucky winners and don't forget to check out all the red carpet dresses here.
Best Picture: The Artist
Actress in Leading Role: Meryl Streep
Actor In Leading Role: Jean Dujardin
Actress in Supporting Role: Octavia Spencer for ‘The Help’
Actor in Supporting Role: Christopher Plummer for ‘Beginners’
Animated Feature Film: Rango
Art Direction: Hugo
Costume Design: The Artist
Directing: The Artist
Documentary Feature: Undefeated
Documentary Short: Saving Face
Film Editing: The Girl with the Dragon Tattoo
Foreign Language Film: Iran ‘A Separation’
Makeup: The Iron Lady
Music (Original Score): The Artist
Music (Original Song): Man or Muppet from The Muppets
Short Film (Animated): The Fantastic Flying Books of Mr Morris Lessmore
Short Film (Live Action): The Shore
Sound Editing: Hugo
Sound Mixing: Hugo
Visual Effects: Hugo
Writing (Adapted Screenplay): The Descendants
Writing (Original Screenplay): Midnight in Paris