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It is Thursday, March 12th.

Oscar week rolls on. We've covered a bunch of different angles on this show, everything from the races to the ratings to the business of the red carpet.

We've never done an episode about the parties. Obviously, they're a huge part of Oscar lore and specifically one event has endured.

It's the Vanity Fair party, of course, despite all the ups and downs at the magazine.

It's been around for 31 years now.

There are more exclusive parties during Oscar Week.

Beyonce and Jay-Z throw their gold party at the Chateau, for instance.

That's become kind of the toughest invite.

But VF is still the party that almost everyone at least stops by after the show and the official after party, the governor's ball.

And many stars and industry people fly into town just to hit VF and be seen.

When Gray and Carter started doing it in the 90s at Morton's, it was a clubby successor to

Agent Swifty Lazar's viewing party that had been

the party for a long time. The heyday was probably the years at the Sunset Tower, a smallish

space packed with A-listers. But in recent years, the VF party has ballooned to include a lot of

corporate brand managers, random TV people, journalists taking videos on the dance floor.

...