This is an awkward little Oscars special that has Tom and Crow riffing on some press kit stuff from the bridge of the S.O.L. They did three more half hour specials (when the show moved to the Sci-Fi channel) which were a lot cooler because they were actually in the Mystery Science Theater to watch the clips and we got to see the famous theater seats at the bottom of the screen.
Not that this isn't great- "Okay, Branagh, you don't wanna talk make-up? Fine! We'll talk THEME!" Plus there's some fun bits with Mike (as Ed Asner) and Gypsy (on Tom and Crow's speaker phone). The thing at the end about The Shawshank Redemption was great, too.
I love Mystery Science Theater 3000.