The Oscars: Hollywood’s proudest, most self-aggrandizing pageant, a prom and a graduation rolled into one. “The Oscar”: A 1966 film, with a script by the prolific science-fiction writer Harlan Ellison, depicting the sleazy machinations of a vapid, selfish actor to redeem himself by winning a golden statuette. The film, its cast packed with stars—Frank Sinatra, Bob Hope, Tony Bennett, Milton Berle, Ernest Borgnine, Joseph Cotten—some of them Oscar winners, was an overblown, A-list flop, a “Gigli” for the ages. In the Times, Bosley Crowther called it a “cheap, synthetic film which dumps filth upon the whole operation of Hollywood.” The Academy, which lent the film its logo and its blessing, apparently regretted it, and has not done so since.
For decades, the practically unwatchable film was largely unseeable, an unrestored…