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Parasite, directed by Bong Joon Ho, has earned six Oscar nominations and is also the first South Korean movie to be nominated for both Best Picture *and* Best International Film.
It's not the only good news the film has had this month, either, having also scooped three Golden Globes last week.
It also won the Palme d'Or - aka the highest honour - at Cannes Film Festival last year.
And if you're wondering why you haven't spotted the film at cinemas, fear not - it won't be released in the UK until Friday 7th February.
So what's all the buzz about? Well, the film - which is entirely in Korean but with English subtitles - is a comedy thriller focusing on two families, the Kims and the Parks.
The Kims are unemployed, living in a shabby basement and struggling to make ends meet, but everything changes when son, Ki-Woo is offered a tutoring job with a very wealthy family.
Enter the Parks. Despite having very little education, Ki-Woo manages to blag his way into the job and integrates into the affluent lifestyle.
When Mrs Park explains she needs an art therapist for her son, Ki-Woo very quickly recommends his friend Jessica - who is actually his sister, Ki-Jung.
Soon, the Kims have made it their mission to infiltrate the glamorous home of the Park family, one-by-one nabbing jobs from different members of staff.
As the Kims takeover the household, they encounter a problem - housekeeper Moon-Gwang - who has been with the family so long she's practically part of the furniture.
Fans who have managed to watch the film already (it's already been released in a number of countries around the world) have been taking to Twitter to share their glowing reviews.
One said it was the "best film [they had] seen in their life so far" while another tweeted: "Watch Parasite, y'all. Best film I've ever watched. If only I could buy new eyes to watch it again, I would."
Another even said she would never watch another movie again.
"Parasite is the best film I have ever seen, truly a masterpiece, I've seen it all and I will never watch another film again."
Another wrote: "Parasite was f***ing awesome. 10/10. Loved every second" while actress Lupita Nyongo'o hailed it as one of the best films she had ever seen, too.
And it seems there could be a twist at the end of the movie, after one viewer said they were "not expecting that ending at all".
The film has also been a huge hit at the box office, with an impressive $25.4 million in the U.S. and $132.3 million globally.
Los Angeles Times critic, Justin Chang, spoke about the film's success shortly after it bagged the Cannes Palme d'Or.
He wrote: "If there is a particular reason why Parasite prevailed, I think it's because it delivered the competition's single most original and entertaining approach to a subject - the rebellion of the underclass, the return of the repressed - that ran through many other films in competition, including several other prizewinners."
okay parasite is kinda the best film i've ever seen- hater:door::key2: (@feburary2017) January 8, 2020
The film has also been nominated for Best Original Screenplay, Best Production Design and Best Film Editing, while Bong Joon-ho is up for Best Director.
Now, when can we pre-book tickets?
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