Faye, 77, and Warren, 80, had announced La Land as Best Picture, the pair had been given the wrong envelope to announce the prize, leading Oscar producers to run onto the stage midway-through the acceptance speeches to unveil Moonlight as the real victor.
Beatty announced that "The Shape of Water" won, and the joke continued when director Guillermo Del Toro grabbed the envelope from the actor and held it up as proof, drawing laughs from the crowd. "Well, with Warren it was great".
If they do present, Dunaway and Beatty have an unusually competitive category to preside over. And he's really a special guy and it was fun to come back and do it right.
Beatty and Dunaway briefly alluded last year's gaffe, with Beatty starting out by saying: "Thank you". "We're still doing it". This was the best way for them to redeem themselves and it was nice to see that they could poke fun at themselves. "I wasn't trying to be amusing", Beatty clarified on stage at the time, after host Jimmy Kimmel had joked "Warren, what did you do?" "And we gotta move on and forgive, you know?" "She began by saying, 'Presenting is better the second time around, ' Beatty followed up with, 'The victor is Gone with the Wind'".
"She recently said, "[Warren] took the card out and he didn't say anything.
Showing her sense of humor, the actress actually wore the same glamorous blue Esteban Cortazar dress to present Best Picture this year as she wore on the red carpet of last year's Oscars.
"I thought I could have done something, surely". "I opened the envelope and it said "Emma Stone, La La Land".