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While this morning's Academy Awards nominees sheepishly douse themselves in champagne, unsure about how outwardly excited to get about an upcoming ceremony that may consist of nothing more than a picket line of tuxedoed writers, another anticlimactic recitation of winners' names by the best TelePrompter readers show business has to offer, and a four-hour montage of Oscar's Less Strike-Hampered Glory Days ("There will be lots of clips — we have a long history, 80 years, to explore."), a truly sobering note has been struck by William Morris' Ed Limato.

According to Variety, his storied pre-Oscar party, the Friday night destination where Not So Young Hollywood would gather to reminisce about a time when they could stoop to blow some rails off a coffee table without suffering a back injury requiring immediate chiropractic correction, has been canceled.

"After what has happened with this strike, with so much up in the air about the Oscars, and with so many people out of work, I just don't feel like celebrating," Limato told Daily Variety

No decisions have been made yet on the other two major agency-sponsored Friday night parties. CAA hosts one at the home of agency partner Bryan Lourd, and Endeavor hosts its party at the home of partner Ari Emanuel. Sources said that both agencies are proceeding with planning, even for scaled-down versions of parties that normally carry six-figure pricetags for tents, catering, valet parking, even putting Plexiglas flooring over swimming pools to handle all the revelers.

It certainly will come as a relief to the industry's best-connected revelers that the CAA and Endeavor gatherings may still be held in some form, even if Lourd, his hand forced by the prevailing sentiment of restraint gripping his strike-crippled company town, grudgingly cancels the delivery of fresh Guatemalan babies he customarily has flown in by private jet for the event. Indeed, many of his guests would be disappointed by such a decision, but it would be the height of bad form to grouse about the necessary cutback, no matter how much one misses the much-anticipated sight of dozens of cooing infants crawling around in their buffet-side pen, waiting to be hand-selected by hungry party-goers looking for a tasty snack.