Better than Life is Beautiful
Still today, I can't accept the fact that Central Station lost the Best Foreign Language Oscar for Roberto Benigni's Life is Beautiful. It's much more engaging and moving than Benigni's fairy tale.
Not to mention Fernanda Montenegro gives her best performance ever! It's simply outrageous that she lost for Gwyneth Paltrow, but Benigni won over Ian Mckellen and Edward Norton.