The big night has arrived! It's all about the little golden god. Are you ready?

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Here's what's already happening:

All the red carpet looks are right here, by the way.

Jared Leto did not, repeat, did not put his hair in a bun. He is, however, with his brother Shannon.

Lupita Nyong'o is wearing a delicate gold ring she calls a "family totem."

Apparently Dax Sheperd was heckling Kristen Bell as she posed.

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This year again, instead of models, the statuettes will be handed out by film students. Pretty cool.

Sidney Poitier arrived with his daughter Sydney, who is also an actor.

Viola Davis says she's feeling relaxed and looking forward to the parties. She also said that she and her husband "do date nights in the jacuzzi."

June Squibb was just talking about how she was never a pole dancer but did play a stripper on Broadway.

7:11pm

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Okay. I'm wearing socks by H&M, underwear by Aerie and a Gawker "It's like year motherfucker I'm fine" LiLo T-shirt from 2007. What are you wearing?

Anna Kendrick talked about Into The Woods, which she's shooting with Johnny Depp and Emily Blunt and Tracy Ullman, among others.

7:21pm Kerry Washington looks beautiful.

7:24pm Naomi Watts on Cate Blanchett in Blue Jasmine: "Out of this world. I wrote a fan letter to her."

Matthew McConaughey has two dates: wife Camila Alves and his mom, Kay.

7:31 Jennifer Lawrence in Dior — and that necklace! Backwards! She says did a "stair test" in her gown… but she's already tripped over a cone?

7:35 "[Blue Jasmine] actually made money. There's a myth in Hollywood that female-driven films don't make money," Cate Blanchett just said.

Jonah Hill is with his mom. Did anyone see him in Accepted? With Justin Long and Blake Lively? I actually kind if liked that movie.

A couple of your boyfriends:

All the red carpet looks are right here, by the way.

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Liza Donnelly, the New Yorker cartoonist who did charming sketches of the athletes during Olympics, is also sketching the red carpet! Follow her on Twitter.

Don't forget: All the red carpet looks are right here!

Oh: And Jennifer Lawrence tripped, because she is awesome.

7:58 Jared Leto hair toss, anyone?

Lupita has all of her fingers crossed.

Two things: Angelina's you know whats.

8:16 Sandra Bullock is saying that Gravity changed her… Being in space will do that.

Gaga has arrived! This is definitely a surprise. If she has R. Kelly with her the universe may collapse into itself.

I've been watching ABC, so I missed this, but apparently on E!, someone asked Mindy Kaling what "color" guys she likes.

8:29 pm The show is beginning! Ellen is so sparkly. "It's been a tough couple of days. It has been raining. We're fine. Thank you for your prayers."

8:36 Ellen is joking about how JLaw tripped last night — Tony from Skins is mildly amused.

Matthew McConaughey and Jared Leto are having so much fun.

And Jared Leto wins! Jordan Catalano, you've come so far. This speech might be too long.

No, you're not high, Pharrell and his hat are dancing through a candyland of gummy Oscars. HAPPY!

Even if Lupita doesn't win, she's having the time of her life, no?

Also: Meryl is THE BEST.

Whoa, Han Solo! Was Harrison Ford on the list of presenters?

Ellen gave Bradley Cooper some lottery tickets.

Kim Novak: "Just happy to be here."

Sally Field: Luminous.

Emma Watson: Gorgeous.

Zac Efron: Adorable, bad at reading a teleprompter.

Karen O's performance was dreamy. Like a lullaby.

How is everyone holding up? So far so good?

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Don't forget we've got all the red carpet looks right here.

Damn, Darlene Love, bring the house down why don't you.

FRANK UNDERWOOD. Plotting something evil.

9:52 Is Tyler Perry wearing a brooch?

9:53 Ellen changed clothes.

9:54 Brad Pitt's hair. It's for a role, right? RIGHT?

Just as a reminder, Brad Pitt had Jared Leto's hair before Jared Leto did.

OH GOD IT REALLY IS YEAR OF THE SELFIE.

YAASSSSSSS

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"It doesn't escape me that so much joy in my life is due to so much pain in someone else's." Lupita Nyong'o, Oscar winner.

The pizza arrived.

By the way, Samuel L. Jackson is on the internet calling Liza Minnelli "Dorothy."

Wicked Witch of the East socks and ruby slippers.

GUYS guys guys. Feel free to Photoshop yourselves into this image.

11:21 Who's about to win some cash in their Oscar pool?

Lupita threw her lip gloss in the hat.

Caption: "Yes! @TheEllenShow �� There IS gluten-free pizza!!!! #OSCARS #greenroom"

A lot of love for these two.

Cate: "Hashtag suck it, Julia."

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11:51 JLaw seems... drunk? Maybe? Jokingly hostile?

Matthew McConaughey is talking about God 0_O

Alright alright alright. I'm surprised he didn't open a can of beer.

12 Years!

Welp, that's it. Thanks for hanging out, you guys. Good night! Let us all dream of LUPERBATCH CUMBERPITA.