Awards season is upon us. Glamourous leading men and ladies are walking the red carpet repeatedly, hoping for recognition of their work in the form of a golden statue. The Oscar's alone cost over $40 million to host. That includes a nominee's luncheon, the statuettes, the red carpet, host fees and goodie bags. It's enough to make you sweat!

But don't worry. You can throw an Oscar party to remember without it costing a small fortune. There are lots of ways to add Hollywood glamour to your living room for the night and celebrate the silver screen in style.