7:59 - Welp, I can now say I have seen the final 13 minutes of Failure to Launch. Disappointed Matthew McConaughey didn't get eaten by a dolphin.

8:00 - And we're off! You can follow Busy Phillips AND us tonight on Twitter at @Busyphilipps25 and @tvwithoutpity, respectively. Is anyone watching this on TNT? I hope your commercials aren't all sad Dallas promos.

8:02 - Jane Krakowski, Chris Tucker, Helen Hunt, the ghost of Hal Holbrook, Betty Applewhite, Darren Criss and Sofia Vergara's boobs -- the SAGSs has everyone!

8:05 - Every time Nicole Kidman's forehead moves or someone says the word "actress," drink a million drinks.

8:06 - Oh wow, and it's already time for Male Actor in a Supporting Role... and the winner is Tommy Lee Jones! Damn, I was rooting for the statue on stage with the Ken doll anatomy. On the bright side, Jones couldn't make tonight, so no acceptance speech.

8:07 - Jennifer Lawrence and Bradley Cooper thought their movie was really good, and are here to tell us about it. And then the teaser for Silver Linings Playbook totally gives away the ending. Lovely.

8:09 - Justin Timberlake is wearing TOO MANY PATTERNS. Shut it down!

8:09 - Who will win Female Actor in a Supporting Role. Why, it's...

Check out the rest of our liveblog here.