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Streep's 29-year Oscar drought ended on February 26, 2012, when she won the 2011 Best Actress award for her portrayal of former British Prime Minister Margaret Thatcher in "The Iron Lady." She joined Katharine Hepburn, Jack Nicholson, Walter Brennan and Ingrid Bergman as the only actors who have won three or more Academy Awards.

There was probably neither rhyme nor reason to Streep's long wait for a third Academy Award. She won two Oscars before she was 34, so maybe voters decided to spread the wealth to other actresses for a while. It seemed inevitable, however, that she would someday win a third competitive Oscar or be presented an honorary award for her body of work onscreen.

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