Instantly set the mood for your Oscars-viewing party with a fabulous red carpet leading up to your front door. Once guests arrive inside, envelope them in decadent gold and red decor. Cover the buffet table with a luxe gold tablecloth and sparkly red tablerunner. Light hundreds of tiny tea lights in rhinestone-rimmed silver votives. Place the food on large square and rectangular platters arranged attractively around the table. Serve the champagne in flutes and offer guests appetizer plates or trays to hold their snacks. Make sure the television is visible from all areas in the room and add extra red cushions for plush and comfortable seating. Golden orchids look stunning placed decoratively around the space.