The Oscar statue, Hollywood's movie darling

Every spring, the movie industry gears up for its biggest celebration: the Academy Awards, more commonly known as the Oscars. The Oscars aren't just for the powerful and glamorous, of course. The rest of us tune in to cheer on our favorite movies and actors, or just to catch any embarrassing podium mishaps as they happen.

In this edition of HowStuffWorks, we'll find out what the Oscars are all about. We'll take a look at the organization behind the Oscars, the Oscar statuette itself, and some interesting tidbits of Oscar history.