Invites: Use Evite's online Oscar-theme invites to help set the mood.
Decor: Always a fan of Oriental Trading for cheap and kitschy decorations. Look for Oscar trophies, mock red carpet, and movie cutouts. Pizzazzerie also has inexpensive decor ideas with supplies you can get from Target or your local discount store.
Beverages: Stick with 2-3 signature cocktails for ease and affordability. Here are some classic standby recipes that would surely rock your guests.
Food and Apps: Keep tummies full and satisfied with these appetizers that cost less than a dollar per serving. Mix them up with these party-friendly recipes--these Fig and Sausage Skewers seem fancy but are very easy to make. Alternatively, why not serve decadent gourmet movie popcorn that you can whip up at home?
Party Games: It wouldn't be a proper Oscar party without some Oscar-theme games. Make some money and take bets on the winner in each category and use That’s the Spirit’s Oscar Party Pool Sheet. Here are other amusing Oscar party games that run the gamut from trivia games, drinking games and karaoke.