Check it out: Alec Baldwin and Steve Martin parody PARANORMAL ACTIVITY during the Oscars

As usual, the Oscars dragged on until midnight last night, ending long after most Americans hit the sack. Why don't they air these on Saturday? In any case, co-hosts Alec Baldwin and Steve Martin did a great job hosting the event with a couple great skits including this one about Paranormal Activity, a dual Snuggie, and their opening monologue, which I've included below (as a bonus!).