George Lucas, Francis Ford Coppolla, and Steven Spielberg present the Best Director Oscar...

That was very funny. They start off talking about how great it is to win an Academy Award when Lucas pipes in with he's never won one. They start mocking him. He says it's better to give than to receive and they rejoin with it's better to give than to receive.

And Marty Scorcese wins!! Awww... that's awesome! Finally, he's tied with 3-6 Mafia!

And everyone seems genuinely happy! Spielberg says, "Hey, Mazel Tov," like a good Jewish boy. And he gets a standing O from the theater. Scorcese asks that they check the envelope. He thanks his reps, the producers, the crew, the cast... He thanks his fans... And his family. good job, Marty. And as he walks off, Nicholson captures him in a big bear hug.