He has been a favorite all season, so not many people were surprised when his name was announced from inside that envelope.
The actor gave a tearful speech as he accepted his award, saying he was "overwhelmed" by everything he got to do, and the love he received, and the people he worked with.
He also went on to talk about the crazy altercation that he had with Chris Rock, when the comedian joked about Smith's wife's hair loss.
"I look like the crazy father, just like they said about Richard Williams. But love
The actor apologized and did say he hoped the Academy would invite him back.
I'm certain his fans will want the same thing.
Congrats to the new Academy Award winner: Will Smith! Pat yourself on the back man, you finally did it!