Why didn't he host the ceremony? If you ever need a little help putting a silly pop culture phenomenon in perspective, I recommend visiting Mr. Stephen Colbert. In this clip, he breaks down not only why the Oscars are so great, but also why we're now even for the whole slavery thing. So I guess the Oscars did what the civil rights movement and Civil War couldn't. To be fair, though, those other two things didn't have Jared Leto with eyeshadow and ombre hair.