The Pals' 3rd Annual Oscar Special

What's this?! An episode where the Pals have decided to discuss the sometimes illustrious, oft-ignominious life of Oscar, Sesame Street's grouchiest denizen? Or is it, instead, a dialectical in which the automobile industry of Australia and its multivalent products (colloquially known as Oz-cars) are given a right old lashing of the Pals' ever-waggling mouth slugs? Or, perhaps, it's some third, even more ludicrous thing? All false, I fear! Instead, the Pals are discussing the upcoming Academy Awards, including their opinions on the films themselves, as well as their predictions of the night in question. Huzzah!