But this year, Sir Elton and husband David Furnish are appealing to those still stuck in their pandemic pyjamas. Everyone is invited, albeit virtually and at a cost.
All money raised from the star-studded Zoom party will go to the singer's Aids foundation.
Find out more about this years Oscars on our podcast - Unscripted
Tickets to the pre-Academy Awards party cost £14.99 and are available from the Elton John Aids Foundation website.
The event will stream across four different timezones with 400,000 tickets available. There will be a special performance by Dua Lipa too.
Meanwhile, preparations are well underway for the main event, the Oscars.
It has moved from its home in the Dolby Theatre in Hollywood to Union Station, a train station in downtown Los Angeles.
The famous gold statues will make an appearance, but the ceremony will be stripped back due to the Covid pandemic.