Last night was the evening that we have all been waiting for... The Oscars. The whole world has been waiting in anticipation for the evening, where winners of some of the most coveted awards were announced from an all-star shortlist.

It was also a history-making evening as Parasite took home the award for Best Picture. However, Tom Hanks and Charlize Theron were forced to step in after the cast's speech was cut short.

Keep scrolling to watch the clip...

It's that time of year again...

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Awards season is in full swing and yesterday it was the turn of the hotly anticipated Oscars.

The Oscars are one of the biggest events in Hollywood...

And the biggest names in the industry hit the red carpet on Sunday to see who will be honored with an award this year.

For the second year in a row, the annual event is hostless...

Last year, people were pretty uncertain about how the evening would pan out but it seems it's a tradition the Academy is set to continue. ABC Entertainment President Karey Burke made the announcement last week while speaking at the Television Critics Association's winter press tour in Pasadena: "Let me confirm it now, together with the Academy, that there will be no traditional host this year."

Across all the major categories, there's been some tough competition.

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Especially when it comes to the 9 flicks that went head to head in the "Best Picture" category.

And there's been some strong reactions already.

Twitter has exploded with Oscar-related debates and it seems as though everyone's got an opinion about who they want to see win an award. They've also shared their thoughts on Eminem's performance but you'll find out about that a little later on...

People have been extremely excited since the nominations were announced...

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Especially given the fact that so many critically-acclaimed movies have hit screens recently.

But of course, it's not only about the movies.

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The Oscars is a prime time for fans to see their favorites actors and actresses showcase just what they're made of. From outfits to speeches, the award ceremony has become a night to make a statement.

However, the Oscars has given us some other unforgettable moments...

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From celebrity slip-ups to record-breaking selfies, we're expecting to see a whole array of new and exciting moments that will leave their own print in award history.

And who could forget Ellen DeGeneres' iconic selfie?

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It only seems fitting that in this modern era, selfies themselves are breaking records.

Here it is...

I mean, when you combine Brad Pitt, Meryl Streep, Jennifer Lawrence, Bradley Cooper, Jared Leto, and Angelina Jolie in one picture, you're bound to get an overwhelming reaction, right? Well, thirty-seven million people on Twitter wanted to catch a glimpse of it and yeah, it crashed the platform.

But the award ceremony has also been a platform for change.

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Celebrities have used the stage to share experiences, awareness and give speeches that have sent ripples throughout the film industry.

Winning an Oscar is the best time to make an impactful speech...

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And this year's winners certainly used this advantage.

There were a lot of worthy winners...

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Huge names such as Tom Hanks, Brad Pitt, Al Pacino, Margot Robbie, Scarlett Johansson, and Leonardo DiCaprio took home awards last night.

Everyone was pleased to see Joaquin Phoenix pick up an award...

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He won the Best Actor Award for his leading role in Joker, and it's safe to say he's an extremely deserving winner.

Joaquin took his opportunity to discuss matters close to his heart...

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During his acceptance speech, he spoke of his views on veganism and the need to move away from factory farming.

Joaquin spoke of some home truths...

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"I think that we've become very disconnected from the natural world," he told the crowd. "Many of us, what we're guilty of is an egocentric world view: the belief that we're the center of the universe. We go into the natural world and we plunder its resources."

A speech to make the vegan community proud...

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"We feel entitled to artificially inseminate a cow and when she gives birth, we steal her baby even though her cries of anguish are unmistakable." He also added that while it might be tough for humans to give up meat, we are so gifted at inventing alternatives that we should be celebrating and using these advancements instead.

His words were wise and full of compassion.

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Joaquin continued, "That's when we're at our best when we support each other. Not when we cancel each other out for past mistakes, but when we help each other to grow, when we educate each other, when we guide each other toward redemption."

Joaquin then went on to mention his late brother, River Phoenix.

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"When he was seventeen, my brother wrote this lyric and he said 'run to the rescue with love and peace and the rest will follow. Thank you," he concluded.

Fans all around the world were left speechless...

And a surge of love and admiration has certainly gone in Joaquin's way.

Although Joaquin's speech wasn't the only moment that got people talking...

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History was made when Parasite bagged the coveted Best Picture Award - making it the first non-English movie to ever win an Oscar.

Of course, that wasn't the only award Bong Joon-Ho’s comedy-drama took home.

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It also won Best Director, Best Original Screenplay, and Best International Film.

So of course, the cast were over the moon with how well the movie was received...

But devastatingly, their speech was cut off by producers mid thank you.

As executive producer, Miky Lee, took the stage to say something, the lights went out. Then, the spotlight was put on Jane Fonda, who was set to close the show. 

But Fonda hesitated while a revolt kicked off in the crowd.

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Who spearheaded the revolt, you may ask? Well, it was no other than Tom Hanks and Charlize Theron. Keep scrolling to watch...

The pair were leading a chant shouting "UP, UP" to bring the stage lights back so the cast could finish their speech.

... and their efforts paid off!

The stage lights quickly came back on...

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A move that was met with unanimous cheers across the theater. “Hi, everybody," Lee said. “I’d really like to thank director Bong. Thank you for being you, and I like everything about him, his smile, his crazy hair, the way he talks the way he walks and especially the way he directs. But what I really like about him is his sense of humor."

She then went on to thank everyone who has supported the movie...

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“And especially I really, really, really want to thank our Korean film audience, or moviegoers, who has been really supporting all our movies and never hesitated to give us straightforward opinion on what they feel like their movies," she said. “That made us never be able to be complacent, and [it] keeps pushing the directors, the creators [to] keep pushing the envelopes. And without you, our Korean film audience, we are not here."

Watch the full clip below:

Congrats to the Parasite cast and crew! Want more on the Oscars? Keep scrolling to learn more about the "secret message" hidden in Natalie Portman's dress.