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Every year,* Oprah tapes an episode where she stages a massive audience giveaway. She calls it her "Favorite Things" episode, since she gives away her, well, favorite things. Audience members leave with thousands of dollars in prizes, which have included electronics, appliances, and even cars.

The catch is that the audience never knows when its coming. So that can only mean one thing: massive freak-outs, hyperventilating, and school-girl screams of joy. Below is a montage of such actions from this year's "Favorite Things," which aired yesterday and is the last one ever since Oprah is going off the air at the end of the season:

Here are the prizes the audience were losing it over, courtesy of Babble:

Phillip Stein limited edition Oprah 25th anniversary watch with 58 handset diamonds ($2,475)

Flannel Tory Tote ($250) and Reva Ballerina Flat ($195) by Tory Burch

Nikon D3100 Digital SLR camera ($700)

Cashmere sweater by Ralph Lauren and throw ($498)

Judith Ripka eclipse earrings ($525)

Oprah hair stylist Andre Walker’s shampoo and hair kit ($65)

Lafco House candle set ($55 each)

Breville panini press from Williams-Sonoma ($100)

Kyocera ceramic knife ($75)

Beecher’s handmade mac and cheese

Baker’s Edge brownie and lasangne pans/Ghiradelli brownie mix

“A Course in Weight Loss”

“Decoded” by Jay-Z

5-year Netflix membership

52-inch 3D Bravia Sony television ($3,600)

Sony Blue-Ray player and movie collection

Kiva gift card courtesy Groupon

elfa custom-built Container Store closet ($1,000)

“O” Store long-sleeve v-neck T-shirt ($38)

Lululemon drawstring pant ($98)

Four pairs of Nike “Free run +” shoes ($85)

7-day United/Royal Caribbean Allure of the Seas cruise

The Huffington Post has a slide show of all the prizes.

*Oprah canceled the episode last year and did a scaled-down version in 2008.

One last thing…
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