Chaplin is a worldwide icon and a pioneer in the field of silent comedy, but after he was labelled a communist he was not allowed to return to the United States for 20 years.
Thus his Honorary Oscar Win was important not only because Hollywood finally realized his great contribution to the industry, but also because his presence at the award ceremony marked his first return to the United States.
He received a 12-minute standing ovation from the audience, which is still the longest standing ovation in Oscar history.