Again, if Hollywood is like High School, the Golden Globes could be the prom or homecoming. You know, people dress up and go with people they don't really like just because they're "cool" and will make the other kids talk and then go to a party afterwards and get drunk. Sounds like the Oscars if you throw in designers and impressive amounts of free stuff.
Although, I don't think comparing your event to the prom is all that flattering.