MOULIN ROUGE (2001)
The song "Come What May" is the only original song in the film, so it was the only song that could have been nominated for Best Original Song at the Academy Awards. It was disqualified, however, because it had been written for director Baz Luhrmann's previous film William Shakespeare's Romeo and Juliet (the one with Leonardo DiCaprio and Claire Danes). It was not used in Romeo and Juliet, but since it had been written for a film other than Moulin Rouge the song couldn't be nominated for the Oscar.
Oscar or not, "Come What May" will always be my favorite song from the movie. It's SO beautiful!! (And come on, who doesn't love Ewan McGregor in this scene? He always does dark, serious movies so I love how happy he is in this movie. Well, happyish...)