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It took Meryl Streep 29 years, but she finally got back to the Oscar stage. On Sunday night at the 84th annual Academy Awards, Streep earned her second Best Actress trophy -- and third Academy Award overall -- for playing Margaret Thatcher in "The Iron Lady.""When they called my name I had this feeling I could hear half of America going, 'Oh, no. Oh, come on. Why? Her. Again. No.' But, whatever," Streep joked while accepting the award. Of course, "her again" is a very relative term. Despite 13 other nominations since winning Best Actress at the 1983 ceremony for her role in "Sophie's Choice," Streep did not earn an Oscar again until Sunday.
Regularly regarded as the greatest living actor -- Streep has received a record 17 nominations, the most in Academy Awards history -- Streep earned her first Oscar at the 1980 ceremony for her part in "Kramer Vs. Kramer." That was for Best Supporting Actress, a category she's been nominated in three times, most recently for "Adaptation" in 2002.
As for her Best Actress highlights, Streep was nominated four times since 2006 -- for "The Devil Wears Prada," "Doubt," "Julie and Julia" and "The Iron Lady." With her second Best Actress win, Streep joins an exclusive group of two-time Best Actress honorees, including Ingrid Bergman, Bette Davis, Olivia De Havilland, Sally Field, Jane Fonda, Jodie Foster, Glenda Jackson, Vivien Leigh, Luise Rainer, Hilary Swank and Elizabeth Taylor. Katharine Hepburn has the most Best Actress wins with four.
"My friends, thank you, all of you, departed and here, for this inexplicably wonderful career," Streep said with a tear to close her speech.
PHOTOS: Winners Pose With Oscar
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84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actor Christopher Plummer, winner of the Best Supporting Actor Award for 'Beginners,' poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Filmmaker Asghar Farhadi, winner of the Best Foreign Film Award for 'A Separation,' poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actress Octavia Spencer, winner of the Best Supporting Actress Award for 'The Help,' poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actor Christian Bale poses with actress Octavia Spencer after she won the Best Supporting Actress Award for 'The Help,' in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Songwriter Bret McKenzie accepts the Best Original Song Award for 'Man or Muppet' from 'The Muppets,' poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Kirk Baxter (L) and Angus Wall (R), winners for Best Film Editing for 'The Girl with the Dragon Tattoo,' pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Composer Ludovic Bource, winner of the Best Original Score Award for 'The Artist,' poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Mark Coulier (R) and J. Roy Helland (L), winners for Makeup for 'The Iron Lady,' pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Mark Bridges, winner for Costume Design for 'The Artist' poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Robert Richardson, winner for Cinematography for 'Hugo' poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Dante Ferretti (L) and Francesca Lo Schiavo (R), winners for Best Art Direction for 'Hugo, pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Songwriter Bret McKenzie (C), winner of the Best Original Song Award for 'Man or Muppet' from 'The Muppets,' poses in the press room with Will Farrell (R) and Zach Galifianakis (L) at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
Producer for "The Artist," Thomas Langma
Producer for 'The Artist,' Thomas Langmann (R) poses with his trophy beside actor Tom Cruise in the press room at the 84th Annual Academy Awards on February 26, 2012 in Hollywood, California. AFP PHOTO / Joe KLAMAR (Photo credit should read JOE KLAMAR/AFP/Getty Images) -
Producer for "The Artist," Thomas Langma
Producer for 'The Artist,' Thomas Langmann poses with his trophy in the press room at the 84th Annual Academy Awards on February 26, 2012 in Hollywood, California. AFP PHOTO / Joe KLAMAR (Photo credit should read JOE KLAMAR/AFP/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actress Tina Fey and actor Bradley Cooper pose with Eugene Gearty (second from left) and Philip Stockton (second from right), winners of the Sound Editing Award for 'Hugo,' in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: (L-R) Alex Henning, Rob Legato, and Ben Grossman, winners of the Visual Effects Award for 'Hugo,' pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actresses Rose Byrne (R) and Melissa McCarthy (L) pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
Actress Meryl Streep poses with her trop
Actress Meryl Streep poses with her trophy for Best Actress in a Leading Role for 'The Iron Lady' in the press room at the 84th Annual Academy Awards on February 26, 2012 in Hollywood, California. AFP PHOTO / Joe KLAMAR (Photo credit should read JOE KLAMAR/AFP/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actor Colin Firth (L) poses with actress Meryl Streep (R), winner of the Best Actress Award for 'The Iron Lady,' in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actress Melissa Leo poses with actor Christopher Plummer, winner of the Best Supporting Actor Award for 'Beginners,' in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Filmmakers William Joyce (R) and Brandon Oldenburg (L), winners of the Animated Short Film Award for 'The Fantastic Flying Books of Mr. Morris Lessmore,' jump in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actress Rose Byrne poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
Jean Dujardin kisses his Oscar for Best
Jean Dujardin kisses his Oscar for Best Performance by an Actor in a Leading Role for 'The Artist' in the press room at the 84th Annual Academy Awards on February 26, 2012 in Hollywood, California. AFP PHOTO / Joe KLAMAR (Photo credit should read JOE KLAMAR/AFP/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actress Natalie Portman (R) poses with Jean Dujardin (L), winner of the Best Actor Award for 'The Artist,' in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Actress Meryl Streep (L), winner of the Best Actress Award for 'The Iron Lady,' and actor Jean Dujardin, winner of the Best Actor Award for 'The Artist,' pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: (L-R) Actress Ellie Kemper, filmmakers William Joyce and Brandon Oldenburg, winners of the Animated Short Film Award for 'The Fantastic Flying Books of Mr. Morris Lessmore,' and actress Wendi McLendon-Covey pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: (L-R) Actress Ellie Kemper, filmmakers William Joyce and Brandon Oldenburg, winners of the Animated Short Film Award for 'The Fantastic Flying Books of Mr. Morris Lessmore,' and actress Wendi McLendon-Covey pose in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Uggie the dog poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images) -
84th Annual Academy Awards - Press Room
HOLLYWOOD, CA - FEBRUARY 26: Uggie the dog poses in the press room at the 84th Annual Academy Awards held at the Hollywood & Highland Center on February 26, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images)