Cate Blanchett lets loose! Though the 2014 SAG Awards weren't exactly the booze-filled comedy fest that the Golden Globes were, there were still plenty of standout moments. One happened toward the end of the night when Robert DeNiro presented Aussie actress Cate Blanchett, 44, with the Best Actress award for her role in Woody Allen's Blue Jasmine

"Bob DeNiro, I didn't recognize you!" the frazzled star exclaimed. 

And as she started her speech, things only got more comical. Blanchett began by poking fun at Dallas Buyers Club star Matthew McConaughey, who gave a lengthy acceptance speech after winning the Best Actor award for his role as Ron Woodroof. 

"I've been away from the film industry for a long time making theatre, and -- 29 seconds! Matthew McConaughey spoke about Neptune," she interjected. "I think I can have five seconds!"

Appearing slightly nervous and overwhelmed, Blanchett then fondled her SAG Award statue's exposed crotch, which garnered plenty of laughs. 

"For those who voted for me, I thank you, and for those who didn't, better luck next year!" she joked. 

She ended the speech with a callout to her costar Sally Hawkins, and another reference to her well-endowed trophy.

"Sally, I am very lonely up here without you," she said. "This is half yours…the penis part." 

Blanchett has now won the Golden Globe, Critics Choice Award, and SAG Award for her performance. She also recently received an Oscar nomination. 

Tell Us: What do you think of Cate Blanchett's speech? Hilarious or offensive?