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This video presents archival footage of the Academy Awards ceremony held in 1955 for movies released in 1954. The program shows an evening hosted by Bob Hope, during which the Elia Kazan anti-union picture On the Waterfront took top honors with eight wins out of twelve nominations, including the prize of Best Picture, while its star, Marlon Brando, won his first Best Actor Oscar after four consecutive nominations. Kazan garnered the Oscar for Best Director as well, while Grace Kelly received the Best Actress Oscar for her performance in The Country Girl. This video also features nominees such as Humphrey Bogart (for The Caine Mutiny) and Bing Crosby (for The Country Girl).