The film stars Tom Cruise as Jerry Maguire, a sports agent who is fired for expressing his unfavorable opinion, and Gooding Jr. who portrays an arrogant and overconfident football player. Cruise continues his career as an independent, with Gooding's character, Rod Tidwell, being one of the few that stays by his side.
"I know I have a little bit of time so I'm going to rush and say everybody and you can cut away I won't be mad at you," Gooding Jr. said during his memorable Oscar speech. "Tom [Cruise] said, 'Don't forget to thank your wife,' and I will never forget to thank my wife, my high-school sweetheart and the mother of my children Spencer and Mason, I love you Sarah."
Gooding Jr. went on to thank his parents, God and others who worked on the film with him. The enthusiastic actor proceeded to use large and expressive hand gestures, and did a celebratory jumping kick (Watch above). The actor even received a standing ovation from many members of the audience, including actor Steve Martin.
Gooding Jr. is also known for his work in films such as "Pearl Harbor," "What Dreams May Come," "Rat Race," "As Good as It Gets" and "Men of Honor."
In January 2012, Gooding Jr. took part in the historic film "Red Tails." Also starring in the film are actors Terrance Howard, Bryan Cranston and singer Neyo.
Leading up to the ceremony, "On The Red Carpet" co-host Rachel Smith will be doing interviews with hair and fashion stylists and makeup artists for the "Best Dressed" video series featured on Oscar.com, beginning on February 11. Smith will also be covering live events and offering post-show analysis of Oscar night fashions for the site.
It was announced in November, that Crystal would return to host the 84th annual Academy Awards.
The awards ceremony will air live on Sunday, February 26, 2012 on ABC7. Coverage begins at noon PT.
OnTheRedCarpet.com will have complete coverage of the Oscar season, including an exclusive interactive live stream show LIVE from the red carpet. Follow @OnTheRedCarpet on Twitter and "Like" On The Red Carpet on Facebook, and download our FREE entertainment news app for the iPhone and iPad