The Oscars are about two things: movies and parties. All right, and outfits. And endless award speeches. And, of course, snacks -- and classy ones at that.
If you're attempting to stick it out for the full 4 hours, you're going to need snacks to keep up your energy. If you're watching the trailer for Gravity, you're going to need snacks to diffuse the tension (and probably a paper bag for when you hyperventilate). If you start to feel drowsy during the Best Sound Mixing category, you're definitely going to need snacks.
Christian Bale's combover may win Best Actor, but you're winning best Snack-tor. So invite your friends, roll out the (figurative) red carpet, and make sure to invest in some champagne -- this calls for a toast.