Every single year, the parties that have always generated the biggest buzz around town as the Oscars wrap up is of course, Governor’s Ball and the Vanity Fair party. Everyone knows that, period.

Having to deal with the aftermath of the writer’s strike, the industry is now hurting, even bleeding still! Therefore, there’s no money for parties! That’s not a problem when Los Angeles is full of A-listers whose pockets are wider than Britney Spears’ vajayjay.

Take Madonna and Demi Moore for example, who are taking charge of the situation. Allegedely, they are going to throw a gargantuan afterparty which will “compete” with Elton John’s party at the Pacific Design Center.

It is said that everyone will be there. Touche.