Picture this...
The theme music for The Good, The Bad, and The Ugly begins to play.
Clint enters, stage right, dressed as in the film complete with poncho, spurs, and week old beard.
Blondie proceeds to clink across to the front of the stage, stops, then slowly lights up his cigar, blowing smoke at the audience.
He flips his poncho over one shoulder displaying his six-shooter.
Looking down to the front row of the audience the camera follows his vision.
There sitting in the front row are all the other directors up for the best director award.
Blondie speaks:
"There are two kinds of people in the world, those with loaded guns and those who dig."
He picks up a shovel conveniently placed on stage and tosses it to Scorsese.
Cue the DA-DA-DA-DA-DA from the theme music.
That would be the creative way to honour Morricone, but you won't see that tonight because the anti-smoking, anti-firearm, PC police would never allow it.
And there in a nutshell is why Hollywood is D.O.A..
'specially the poncho.