Oscars 2018: The Shape of Water Wins Best Picture at Academy Awards

Warren Beatty, Faye Dunaway We're Back Presenting Best Picture We Won't Screw Up Twice!!!

Faye Dunaway and Warren Beatty are getting a second chance to present Best Picture

ET spoke with the legendary actress at the Vanity Fair Oscars party on Sunday night, where she talked about getting to announce Best Picture again with Warren Beatty, after the two were given the wrong envelope past year - leading to an epic flub.

Unfortunately, the presenters only realised there was a problem after it was too late.

The Academy has implemented the cheeky slogan "What could possibly go wrong?" in Kimmel's advertising spots (featuring Beatty) and on the official Oscar poster. These are the 90th Academy Awards. "It's so nice seeing you again", Beatty told the audience, to which Dunaway responded, "As they say, presenting is lovelier the second time around".

After last year's catastrophe surrounding the Oscar winners' envelopes, a crack team was put in charge of last night's cards. He told Business Insider that past year he thought Beatty and Dunaway were just doing a comedic bit at first - until he was notified a minute and a half after the "La La Land" announcement that there was a mistake. This year's potential Best Pictures are Call Me By Your Name, Darkest Hour, Dunkirk, Get Out, Lady Bird, Phantom Thread, The Post, The Shape of Water, and Three Billboards Outside Ebbing, Missouri. One key change involved a complete redesign of said envelopes - and viewers at home definitely noticed.

Beatty was masterful and poised in a situation you could neverprepare for. Host Jimmy Kimmel jokingly commented on Beatty's move at the time, "In other words, Clyde threw Bonnie under the bus". But an accountant from PricewaterhouseCoopers, who had all of the winners memorized, was sitting in the control room with producers just in case something went wrong.

In January, the Academy unveiled a new set of guidelines to better prevent against a mix-up happening again. Last year's envelope was an elegant red, but the smaller gold lettering on it was not so easily readable.

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