1. Tina Fey and Amy Poehler's opening monologue

The first-time hosts did a fantastic job. Check out their opening monologue, where they went after everyone from James Cameron to James Franco.

2. Salma Hayek and Paul Rudd's teleprompter mishap

Just watch Salma's expression when she realizes the teleprompter isn't working. Thankfully, Paul charmingly plays it off.

3. Kristin Wiig and Will Ferrell present

Fey and Poehler's fellow "SNL" alums were hilarious introducing Best Performance by an Actress in a Motion Picture - Comedy or Musical. It was easily the funniest three and a half minutes in the entire broadcast:

4. Three words: Drunk Glenn Close

The dramatic actress proved she had comedy chops too, playing into Tina Fey and Amy Poehler's sketch.

5. Jodie Foster's speech

Jodie Foster delivered a powerful and at times emotional speech after accepting the Cecil B. DeMille Award. She came out ... in a sense ... saying she already told people about her sexuality years ago. She also called for privacy and retiring from movie making (though backstage she said she still wants to tell stories).

You can watch Jodie's entire speech here.

What could we have done without?

Anne Hathaway jumping in front of the mic to thank her manager ... during the "Les Miserables" Best Picture win. She'll have many more acceptance speeches this awards season, and it came across as incredibly selfish. That's the second awards show in a row where Anne has come across as gauche.

We also can't think of another actress who would describe her statuette as a "blunt object" that she will "forevermore use as a weapon against self doubt."

C'mon Anne, stop being so theatrical!

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