He has been nominated for Oscars three times before.
So Leonardo DiCaprio had no doubt been hoping and praying that it would be a case of fourth time lucky when he received a nomination for his role in The Wolf Of Wall Street.
However, it wasn't to be, and Leonardo, 39, lost out on an award once again as Matthew McConaughey was named Best Actor for Dallas Buyers Club.
While Leonardo was gracious in his defeat - almost 20 years after he was first nominated for What's Eating Gilbert Grape - hundreds of internet memes were created poking fun at the star's snub.
Scroll down for a list of Oscar 2014 winners
Better luck next time: Leonardo DiCaprio, who attended the Oscars with his mother, missed out on an Academy Award for the fourth time at the ceremony on Sunday night
Twitter frenzy: Hundreds of internet memes were created poking fun at Leonardo's latest Oscar snub
Poor Leo: Several of the memes featured Leonardo in some of his previous roles including 2002 movie Catch Me If You Can
Disappointment: One meme joked Leo would've been even more disappointed that he missed out on being in an epic selfie taken at the ceremony involving Jennifer Lawrence, Bradley Cooper and Meryl Streep among others
Where's Leonardo? The epic Oscars selfie taken by Bradley Cooper at Sunday night's Academy Awards
Gracious loser: Leonardo congratulated Matthew McConaughey, who beat him to the award
Trending: Leo's fans were quick to jump to his defence, with #GiveLeoAnOscar quickly trending
But not all of Leonardo's fans on Twitter thought his plight was funny as some took to the social networking site to defend him.
Radhika Sik tweeted: 'Always a bridesmaid, never a bride #LeonardoDiCaprioForOscar #LeonardoDiCaprio #Shouldvewonanoscar #heartbroken.'
Poking fun: Another Twitter user wrote a series of comical captions on screen grabs of the star from the Oscars broadcast
Better luck next time: The star had been nominated for Best Actor for his role in The Wolf Of Wall Street
Snubbed: Many of the memes featured photographs of the actor as Jordan Belfort in The Wolf Of Wall Street
Barnacles! One meme mocked Leonardo up as animated TV character SpongeBob SquarePants
Emotional: Several of the pictures featured the actor in tears in one of his many movies together with a picture of an Academy Award
Emotional montage: One meme captured 17 images of the star in tears in a movie complete with a picture of an Oscar
Missed out: The meme mocking led to #PoorLeo trending on the social networking site as people poked fun at the actor
First nominations: Leonardo was nominated in 1994 for What's Eating Gilbert Grape and then in 2005 for The Aviator
Not quite: In 2007 he was nominated for Blood Diamond, while this year he was up for The Wolf Of Wall Street
And MrTwitchy94 wrote: 'The Wolf of Wall Street but the Goat of the Academy. #LeonardoDiCaprio #PunzForDays #Oscars2014.'
Ashley Bernal wrote on Twitter: 'Well, Leo still doesn't have an oscar. I believe my sanity just exploded... #LeonardoDiCaprio.'
But Crystal Wilky insisted that Leonardo won't be letting the defeat get to him, writing: 'He might not have won an Oscar yet, but the amount of people routing (sic) for him to do so means so much more than the award #LeonardoDiCaprio.'
Laugh out loud: Daniel Day-Lewis, Jennifer Lawrence, Anne Hathaway and Christoph Waltz sharing a joke at last year's Academy Awards, while the writing over the image quips they were laughing at Leonardo's expense
Never the bride: One meme mocked Leonardo up as Katherine Heigl's character in 2008 movie 27 Dresses, which tells the story of a woman who has been a bridesmaid 27 times
Teary: One picture featured the Wolf Of Wall Street looking very emotional
Catch me if you can: Leonardo is mocked up as though he is stealing Jennifer's Oscar from last year after she fell over while going to collect it
Words of comfort: The Wolf Of Wall Street director Scorsese knows all about losing he was nominated six times before winning with his seventh nomination for The Departed
The hashtag #GiveLeoAnOscar also started trending shortly after his loss.
It was also a disappointing evening for Amy Adams who, like Leonardo, has received four Oscar nominations in her career so far.
She was also the only nominee in the Best Actress category for the 2014 nominations to have never taken home an Academy Award in the past.
Date with mum: The 39-year-old brought his mother Irmelin Indenbirken to both the Oscars and the after party
Losing out: Amy Adams also failed to win an Oscar for the fourth time, after having been nominated for American Hustle
Winners: Matthew won Best Actor, Cate Blanchett Best Actress, Lupita Nyong'o Supporting Actress and Jared Leto Supporting Actor
Other surprising losers on Sunday night included Jennifer Lawrence, who had originally been considered a shoe-in for Best Supporting Actress for her role in American Hustle.
Jennifer would have made it two consecutive years running if she had taken home the prize - having been named Best Actress for Silver Linings Playbook at the 2013 ceremony.
However, Sunday night was Lupita Nyong'o's time to shine, as the stunning actress took home the award for 12 Years A Slave.
High hopes: Jennifer Lawrence was nominated in the Supporting Actress category for American Hustle, but failed to win
Last year: Jennifer was crowned Best Actress at the 2013 Awards for Silver Linings Playbook
Jared Leto was crowned Best Supporting Actor at the awards, beating Bradley Cooper, Jonah Hill, Michael Fassbender and Barkhad Abdi to the prize.
Meanwhile, Leonardo's appearance at the Oscars came as it was revealed he is the subject of a new lawsuit due to 2013 movie Out Of The Furnace, which he produced.
The film told the story of the residents of Ramapo Mountain in New Jersey, but now some of the locals are suing DiCaprio and several others involved with making the film for 'emotional distress'.
According to RadarOnline.com, the lawsuit was filed on 2nd January, with eight community members insisting the portrayal of them as 'inbred mountain folk from Jersey' was unfair.
The court documents read: 'It is extremely embarrassing to the Plaintiffs. Plaintiffs and their family members are harassed and discriminated against. The children are teased at school.'
THE OSCARS 2014: WINNERS LIST
Best Picture12 Years A Slave
Best Director Alfonso Cuaron (Gravity)
Best Animated Feature
Frozen
Best Live Action Short Film
Helium (Anders Walter, Kim Magnusson)
Best Visual Effects
Gravity (Tim Webber, Chris Lawrence, Dave Shirk, Neil Corbould)
Best Film Editing
Gravity (Alfonso Cuarón, Mark Sanger)
Best Sound EditingGravity (Glenn Freemantle)
Best Original Score
Gravity (Steven Price)
Best Original Screenplay
Her (Spike Jonze)
Best Sound Mixing
Skip Lievsay, Niv Adirj, Christopher Benstead and Chris Munro (Gravity)
Foreign Language Film
The Great Beauty, Italy
Best Costume Design
Catherine Martin, The Great Gatsby
Best Director Alfonso Cuaron (Gravity)
Best Animated Feature
Frozen
Best Live Action Short Film
Helium (Anders Walter, Kim Magnusson)
Best Visual Effects
Gravity (Tim Webber, Chris Lawrence, Dave Shirk, Neil Corbould)
Best Film Editing
Gravity (Alfonso Cuarón, Mark Sanger)
Best Sound EditingGravity (Glenn Freemantle)
Best Original Score
Gravity (Steven Price)
Best Original Screenplay
Her (Spike Jonze)
Best Sound Mixing
Skip Lievsay, Niv Adirj, Christopher Benstead and Chris Munro (Gravity)
Foreign Language Film
The Great Beauty, Italy
Best Costume Design
Catherine Martin, The Great Gatsby
Best Actor in a Leading RoleMatthew McConaughey (Dallas Buyers Club)
Best Actress in a Leading Role Cate Blanchett (Blue Jasmine)
Best Actor in a Supporting RoleJared Leto (Dallas Buyers Club)
Best Actress in a Supporting Role Lupita Nyong'o (12 Years A Slave)
Best Make-up and Hairstyling
Dallas Buyers Club (Adruitha Lee, Robin Mathews)
Best Animated Short Film
Mr. Hublot (Laurent Witz, Alexandre Espigares)
Best Documentary Feature
20 Feet from Stardom
Best Cinematography
Gravity (Emmanuel Lubezki)
Best Production Design
The Great Gatsby (Catherine Martin, Beverley Dunn)
Best Documentary Short Subject
The Lady in Number 6: Music Saved My Life
Best Original Song
Let It Go (Frozen)
Best Adapted Screenplay
12 Years a Slave (John Ridley)
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