It’s time to roll out the slightly ragged red carpet for a time-honored Island tradition. On Sunday, the Vashon Film Society will host its 15th annual Oscar Night at Vashon Theatre.

The annual viewing party, which starts at 4 p.m., is a chance for Islanders to come to the theater wearing outrageous Hollywood-themed costumes, or if they prefer, their pajamas, and join together in an orgy of star-gazing as the Academy Awards ceremony is broadcast on the big screen.

As usual, there will be limo rides and paparazzi photos outside the theater and costume contests and musical entertainment during the commercial breaks inside.

Dinner this year will be catered by The Hardware Store Restaurant. Desserts, beverages and, of course, plenty of popcorn and concession stand candy will also be available.

This year’s hosts are Steffon Moody, Craig Sutherland and Fiona Hope — but organizers promise they will not necessarily appear as themselves. Vashon’s honorary mayors, the Washington State Fairies, have also signed on to serenade the audience.

Regular admission is $10 for all ages. A $30 package includes extras such as dinner, drinks and limo rides.

Get tickets at the theater box office, Vashon Bookshop or www.brownpapertickets.com. Proceeds will go to Vashon Film Society’s scholarship program.