The 1997 Oscars was the longest on record at 3 hours and 37 minutes, but I believe Hollywood even exceeded that two years ago.
I wouldn't spend 3 hours and 37 minutes with Whoopie Goldberg unless I was being paid $500 an hour, and even then, I'd balk.
make that $50,000 an hour and I'm in.
(we all have a price)