In honor of the Oscars®, Ali held a little preshow of her own at her local movie theater. "If you're like me, you have to see every single movie before you decide who you think should win or not," she says.

Most of the people Ali interviews think the Best Picture award will go to Slumdog Millionaire, an independent film that's captured the hearts of millions. "I was for Benjamin Button, but Slumdog has so much heat," Gayle says.

"I told her it was going to be Slumdog weeks ago," Oprah says. "I thought Benjamin Button was like a movie we hadn't seen. I also loved The Reader. ... [But] it's Slumdog's year."

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