No less a notable than First Lady Michelle Obama delivered the Motion Picture Academy’s final verdict: an Oscar for Argo. And, with that, one of the more briskly paced and consistently amusing Oscarcasts in recent years drew to a close Sunday evening as Ben Affleck’s sensationally smart and suspenseful fact-based drama picked up the glittering prize for Best Picture.

Mind you, even with its grand total of three Academy Awards — in addition to nabbing the big enchilada, it won trophies for Editing and Adapted Screenplay — Argo didn’t take home the biggest haul of golden statuettes. Life of Pi actually scored four wins, in the Cinematography, Original Score, Visual Effects and Best Director (Ang Lee) categories.

But Argo is the one that will be remembered, rightly or wrongly, as a victorious underdog, one that edged out two worthy rivals that had, at various points during this season’s interminable Oscar sweepstakes, appeared to be front-runners: Steven Spielberg’s Lincoln (which settled for Best Actor and Production Design awards) and Silver Linings Playbook (which claimed only one Oscar, a Best Actress accolade for Jennifer Lawrence).

Seth's slow start
As for the Oscarcast itself: I must admit that, a few minutes into the program — specifically, the length of the jaw-droppingly off-putting “Boobs” production number — I briefly considered the possibility that host Seth MacFarlane was deliberately striving for dishonors as Worst Oscar Host Ever.

Maybe that was supposed to be part of the joke triggered by William Shatner’s appearance as Captain Kirk, who supposedly was beaming back from the future to warn MacFarlane that his tasteless comedic shtick would chart heretofore unplumbed depths of suckage.

But, as Huey Lewis sagely noted, sometimes bad is just bad.

Fortunately, however, the longer MacFarlane’s opening segment continued, the funnier it got. (Kudos to Shatner — and to Sally Field, who may have lost the Supporting Actress prize but earned top honors as Best Sport Ever.)

Throughout the entire program — with the arguable exception of a final number with frightfully chirpy Kristin Chenoweth — MacFarlane sustained an artful balance of snarky wit and zesty enthusiasm.

Other elements of the Oscarcast worth noting:

Keeping abreast of titillating developments
During last year’s Oscarcast, Angelina Jolie inspired an instant Twitter account — “Angelina Jolie’s Leg” — with her brazen display of a shapely limb. This year, some Tweeters noted that, even before the Oscarcast actually began, Anne Hathaway — the Supporting Actress prize-winner for Les Misérables — inspired a pair of Twitter accounts (@annesheadlights and @hathawaynipple) with her braless look on the red carpet. To which I replied: Well, of course there are two of them.

Best running gag
Every so often, Quvenzhané Wallis of Beasts of the Southern Wild could be seen in the audience playfully flexing her muscles, as though giddily acknowledging just how amazing it was that someone so young (and so talented) could be an Oscar nominee.

All of which prompted MacFarlane to warn other hopefuls not to get too stuck on themselves: “So you got nominated for Oscar — something a 9-year-old could do.”

Worst gag of any sort
MacFarlane rightly praised Daniel Day Lewis’ Oscar-worthy performance as Abraham Lincoln — and offered props top Raymond Massey’s portrayal of the Great Emancipator in Abe Lincoln in Illinois (1940). Even so, he added, “I would argue that the actor who got most inside Lincoln’s head was John Wilkes Booth.”

MacFarlane tried to make light of the audience’s audible disapproval of his remark. But that didn’t make it any less inexcusable.

Best acceptance speech
Some haters have accused Anne Hathaway of seeming too “rehearsed” in her acceptance speeches during this awards season as she’s claimed multiple accolades for her performance in Les Misérables. A performance, it must be acknowledged, that consists largely of her deeply affecting rendition of the song “I Dreamed a Dream.”

But you know what? When Hathaway gasped, “It came true” at the start of her onstage remarks — well, hell, I was a goner.

Second best acceptance speech
Ang Lee gets his Best Director prize, and says, “Thank you, Movie God.”

Brassy Bassey
The tribute to 50 years of James Bond movies was cleverly assembled — but, really, the film-clip montage served merely as an introduction to a dazzling performance by Dame Shirley Bassey, who belted out the theme from Goldfinger with her customary pizzazz while demonstrating that, at age 76, she’s still one of the more sizzling songbirds around.

With all due respect to Adele — who rocked the house with her rendition of this year’s Oscar winning 007 theme, “Skyfall” — there is nothing like a dame.