Comedy Central forayed into the awards show market this evening with the airing of its first-ever Comedy Awards. When Jon Stewart predictably won the statuette for late-night talk show, Stephen Colbert pulled a Kanye West and crashed Stewart's acceptance speech in glorious fashion.

Well, guys, that's a wrap! For better or for worse, the James Franco and Anne Hathaway-hosted 83rd Annual Academy Awards are officially history. Now, let's take a look back at some of the night's most noteworthy moments, shall we?

Gwyneth Paltrow just sang at the Oscars. How'd it go? Methinks our own Richard Lawson put it best when he tweeted, "At this point it must be concluded that Gwyneth Paltrow has no grasp of the concept of embarrassment."

In case you forgot, the 2011 Academy Awards are on right now! James Franco and Anne Hathaway are hosting (and being awkward). And for some reason, we were just treated (subjected?) to this random Auto-Tune the News-like montage.

Tonight's Academy Awards have been hit-or-miss so far—an opening montage with its moments and the awkward monologue that followed, for example—but this? This was just inexplicably fantastic. Here's a few minutes of Kirk Douglas... being Kirk Douglas.

Following their opening montage that parodied many of the year's most notable films, Academy Awards hosts James Franco and Anne Hathaway appeared on stage at the Kodak theater for an awkward, disjointed monologue. Oh, and Franco was totally stoned.

The 83rd Annual Academy Awards are officially underway! This year's broadcast is being hosted by James Franco and Anne Hathaway, who just began the evening with the requisite "Let's look back at the year in film!" parody montage. Hit/miss?

Following his cold open, host Joel McHale took the stage at tonight's Independent Spirit Awards and delivered a genuinely funny, relevant and varied monologue. Oh, yeah... there were also sex jokes. Lots of them! Cunnilingus has never been so in.

Tonight brings us the airing of the Joel McHale-hosted 2011 Independent Spirit Awards, or... the poor man's Oscars? McHale opened the show with a parody that poked fun at many of the nominated films. There were star cameos, too!

Tonight's Grammy Awards got much more interesting when Cee-Lo Green—decked out in some sort of rainbow-colored Liberace/Muppet/Peacock ensemble—took to the stage to perform "F*ck You." But wait! Then, Gwyneth Paltrow showed up. And sang. In Ebonics.

Tonight, the 53rd Annual Grammy Awards opened with an Aretha Franklin tribute—featuring Yolanda Adams, Christina Aguilera, Jennifer Hudson, Martina McBride, and Florence Welch—that seemed more like Divas Live than an awards show performance. Then, Aguilera took a tumble!

Tonight, after what seemed like an eternal musical tribute to Aretha Franklin, the 53rd Annual Grammy Awards really got started when pop diva Lady Gaga hatched from the egg she arrived in to perform her new single, "Born This Way."