Mark: yeah, I hate "Oscar parties" generally. (especially gay ones)
Maybe I could invite myself over? We cancelled our DirectTV a while back, so I will not have the wherewithall to watch by myself this year, and Christina isn't all that much into the Oscars anyway. But for the first time in a long time I have seen all the major contenders, have a rooting interest in the outcomes, & on the plus side for you, if you watch with me it won't be all that gay.
Don't take it personally, but I'm kinda not in a "hosting" mood right now. Apartment a serious mess, etc.
But as to the question at hand, I got out my Oscar stat books, and started looking for bad Best Pic Noms.
2000: "Chocolat" (over "Almost Famous", "Billy Elliot", "Wonder Boys")
1992: "Scent of a Woman" (for which Pacino won the Oscar -- the role for which he least deserved it)
1989: "Dead Poets Society" (over "Do the Right Thing", "Henry V", "Glory", "Crimes & Misdemeanors").
1970: "Airport" *AND* "Love Story"! (over "Women in Love", "The Great White Hope", "Little Big Man"
1969: "Hello Dolly" (over "They Shoot Horses, Don't They?")
My favorite Oscar absurdity was in 1959: the Original Screenplay nominees included Hitchcock's "North by Northwest", Truffaut's "The 400 Blows" and Bergman's "Wild Strawberries" ... so of course the winner was... "Pillow Talk".