Los Angeles is preparing for the biggest award show of the year for Hollywood heavyweights: The Oscars. The Academy Awards will take place at Dolby Theatre at the Hollywood & Highland Center in L.A. on February 24, and while many in the film industry impatiently wait to see if they'll take home that golden statue, others are looking forward to the star-studded after-parties. 

Every year Vanity Fair outdoes themselves, hosting one of the most talked about after-Oscars events. However, the real shindig that celebrities seem to look forward to is the super-exclusive post-awards get-together hosted by Beyoncé and Jay Z. After last year's Oscar show, the superstar couple took over Sunset Blvd's famous Chateau Marmont hotel's parking garage for their "Gold Party" which boasted a guest list that included the likes of Leonardo DiCaprio, Drake, Michael B. Jordan, Kobe Bryant, Mindy Kaling, Tracee Ellis Ross, and Stevie Wonder. Madonna has been hosting her after-show parties for over a decade, and similar to Bey and Jay, the event has no sponsors, no press, and is made for celebs who want to kick back without the pressures of being seen.

For many artists in the film industry, Bey and Jay's Oscar party is also about celebrating the phenomenal, inclusive work created by people of color. "It's not just for the sake of diversity," said Oscar-winning filmmaker Barry Jenkins. "It's about people making dope work. Black Panther made a bajillion dollars and it's got to be celebrated." Jenkins said he'll be at the Knowles-Carter's party "with whistles and bells on" and "my whole life is just to touch the hem of Beyoncé's garment. Beyoncé, invite me to a potluck — anything." We feel you, Barry.