BREAKING: Academy Awards Announce Major Rebranding For This Year's Oscars

"It was time for a more honest and open approach to this event"

In an effort to make all of this years winners feel more relatable, comforted and "at home" with their trophies, the Academy of Motion Picture Arts & Sciences has done a complete redesign of the iconic Oscar statuette.

The new trophy will now be called "The Eppy".

When asked for his reaction to this monumental new change, President Joe Biden replied, "Minced Clams!! I Have A Red Pencil Box!! Wait...what was the question?"