Perhaps the most open category at this year's Oscars, Best Supporting Actor is loaded with five of the industry's most celebrated veterans.

Seven-time Oscar nominee Robert De Niro landed his first nod since 1992 (Cape Fear) for his role as an obsessive sports fan & bookie in Silver Linings Playbook. It's been over 30 years since his last win (1981's Raging Bull), and we like his chances.

Christoph Waltz, who won in this category in 2010 for Inglourious Basterds is nominated for his second award in the same category, again for a Quentin Tarantino film, Django Unchained.

Philip Seymour Hoffman's portrayal of a religious cult leader in The Master could land him the gold, but the film's close resemblance to Scientology could leave some Academy voters with a bad taste in their mouths. Not to mention he does resemble L. Ron Hubbard a bit.

Alan Arkin's performance as a Hollywood producer who helps establish a phony movie production to help the CIA rescue six Americans trapped in Iran during the 1979 hostage crisis in Argo is probably a long shot; but Academy voters might be swayed because of the industry humor.

And Tommy Lee Jones' portrayal of Republican congressman and abolitionist Thaddeus Stevens in Lincoln could earn him his second Oscar (The Fugitive, 1994).

The Nominees: Best Performance By An Actor In A Supporting Role

Alan Arkin in "Argo"
Robert De Niro in "Silver Linings Playbook"
Philip Seymour Hoffman in "The Master"
Tommy Lee Jones in "Lincoln"
Christoph Waltz in "Django Unchained"

Who will win: Christoph Waltz
Who should win: Robert De Niro