The transgender community managed to make history too.
His win was greeted with a standing ovation.
"When the nominations for this came out I had this unbelievable feeling of looking at the 12-year-old that had this burning in my guts for this type of validation, and I instantly realised that an award like this is much bigger than me", he said.
"... In fact, at one of the luncheons, the lead actor [Daniel Kaluuya], who's not from the United States [he's British], was giving us a lecture on racism in America and how Black lives matter, and I thought, 'What does this have to do with Get Out?" reported THR.
He then thanked audiences for the film's success. Peele went on to explain how he nearly didn't become a director, because of the lack of representation he saw growing up. To the cast and crew, I love you, thank you so much. Despite his win in writing, Peele lost to The Shape of Water's Guillermo del Toro for Best Director.
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Directors Ava DuVernay, Ryan Coogler, F. Gary Gray and Barry Jenkins - the director of last year's best picture victor, "Moonlight" - were among the newer directors he named. "I'll never forget a single one of them". It was the only award the film received, but it was one of the most monumental.
But Gerwig's "Lady Bird" left empty handed, Rachel Morrison did not become the first female cinematography victor (the long-snubbed Roger Deakins got that honor finally for "Blade Runner 2049" after 14 nominations) and Ford was not the first transgender Oscar-winner.
This year's Academy Awards was a bit different from those in the past.
"I want to dedicate to every young filmmaker - the youth who are showing us how things are done", said del Toro when he accepted the award for best picture.
Robert Lopez, who won a second Oscar with wife Kristen Anderson-Lopez on Sunday, is already part of a rare group of entertainers to achieve the EGOT - an Emmy, Grammy, Oscar and Tony. Blade Runner 2049 won the Oscar for Best Visual Effects and The Shape of Water took home the prize for Best Production Design.
As for the Best Costume Design and Best Makeup and Hair, Phantom Thread and Darkest Hour won those two respectively.