Oscar the Grouch was "horrified" to find out they named the Academy Award after him -- especially after seeing how "disgustingly shiny" it is ... but OG agreed to make some Oscar picks anyway!
Grouch -- who agreed to come out of his resident garbage can for AOL's "You've Got" segment -- says he rooting for Colin FILTH for best actor and "Wasteland" for best doc.
He also picked Christian Bale for best supporting actor ... because "no one talks trash like him!!"
Wait'll you hear his explanation for best actress -- what a bunch of rubbish!!