The 59th Annual Academy Awards (1987 TV Special)
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I agree the highlight was a prickly Bette Davis putting a befuddled Robert Wise in his place. It was Bette's final Oscar appearance. The introductions to the greats by showing clips of their great films and then having them walk out was wonderful. Anthony Quinn, Audrey Hepburn, Elizabeth Taylor, Gregory Peck, Olivia DeHavilland, and a very jittery Jennifer Jones making her first Oscar appearance as a presenter in decades (it would also be her last as a presenter, though she had appeared twice with the past winners on the 70th & 75th).
Another great moment: Co-host Goldie Hawn's surprise reaction when old friend Lee Grant takes the stage to receive an award for Best Documentary Feature.