Oprah Winfrey's 'Favorite Things' Episode Dazzles, Stuns Lucky Audience Members

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WATCH Oprah's Last 'Favorite Things' Show

Fa la la la la, they're Oprah's favorite things.

So sang Oprah Winfrey as the legendary talk-show host jubilantly introduced Part 1 of her annual "Oprah's Ultimate Favorite Things" episode, during which she gives audience members thousands of dollars worth of her most beloved items.

Amid the diamonds, cashmere and cameras, audience members -- who had thought they were attending an episode about meditation -- sobbed, screamed and squealed as Winfrey revealed that they'd all be going on an all-expenses paid Caribbean cruise.

A holiday box was wheeled on stage and, as Winfrey opened it, an enormous inflatable cruise ship emerged as the audience erupted.

The seven-day cruise came after more than 20 items, including a Nikon camera priced at nearly $700 and a Philip Stein watch studded with no less than 58 diamonds.

"It's a diamond watch," Winfrey screamed.

The audience also received a tote bag and shoe combo by high-end designer Tory Burch and a cashmere sweater and throw designed by Ralph Lauren with input, of course, from Winfrey herself.

"It's flattering on absolutely everybody," said Oprah, whose name is also included on the tag. "This color makes me think of a golden sandy beach and my dog, Sadie."

Winfrey noted that "medics were standing by" in case audience members collapsed from the excitement as she doled out $525 Judith Ripka Eclipse Earrings and a hair treatment system by the host's stylist, Andre Walker, priced at $65.

"He's finally bottled the magic," Winfrey said of Walker.

A set of 18 candles -- a different scene for each room in your home -- were also gifted, as Winfrey screamed, "It's a candle palooza."

"Bring out the candles, bring out the cashmere, bring out the hair things, bring out the earrings for all," she said, as employees from Fedex, dubbed the "Fedex Elves," helped to distribute the loot.

Winfrey's 'Favorite Things' Episode Gifts Cruise, Diamonds

A self-proclaimed foodie, Winfrey gifted a Breville Panini Press from William Sonoma -- priced at $99.95 -- that comes with a recipe card for what else but Winfrey's "Love Sandwich."

A Kyocera Ceramic Knife set, which Winfrey said she once received from "a famous chef," was also among the gifts, as were containers of her favorite frozen macaroni and cheese dish, "Beecher's World Best Mac & Cheese."

Explaining how she loves "the edges" of treats such as brownies, Winfrey gave out Baker's Edge Lasagna and Brownie Pan -- with a Ghirardelli brownie pix -- crying out, "Now every brownie has an edge."

For those who might feel guilty after indulging in the sweet treats, Winfrey gave out a book titled, "A Course in Weight Loss," which includes 21 spiritual lessons for surrendering your weigh forever. Also added to audience members' bookshelves: Jay-Z's new book "Decoded."

Those in the audience less interested in reading will be pleased with their new five-year Netflix membership and, of course, the brand new TV on which to watch those movies.

Putting on her own pair of 3-D glasses, Winfrey presented the audience with a BRAVIA flatscreen 3-D television, Blu-Ray player and even more movies priced at $3,600.

As audience members dabbed away tears and stood in shock, Winfrey announced new closet systems for all.

"One of the most exciting dates I ever had was to the Container Store," she said. "I'm bringing the Container Store to you."

Price tag? $1,000.

More clothes were given away -- including Winfrey's special Season 25 attire that she calls her "after-school clothes," which now come in a v-neck style "for people with big chests," Winfrey said.

Also gifted: a pair of Lululemon Athletic pants priced at $98 and four pairs of Nike sneakers.

The episode is set to continue Monday, and ended with a performance by the Black Eyed Peas.

Of course, the audience will go home with their brand new CD "The Beginning," too.

'Ultimate Favorite Things'

Below is a full list of the items featured on Winfrey's "Ultimate Favorite Things" episode.

Philip Stein Diamond Watch with 58 diamonds.

Tory Burch Gray Flannel Tote Bag and Reva Ballet flats

Nikon D3100 Digital SLR Camera

My Favorite Cashmere Placket Sweater and Cashmere Cable Throw designed by Ralph Lauren

Judith Ripka Eclipse Earrings

Andre Walker Keratin Treatment/Hair Care line

Set of 18 Lafco Candles

Breville Panini Press from William Sonoma with a recipe card for Winfrey's "Love Sandwich"

Kyocera Ceramic Knife Set

Beecher's World Best Mac & Cheese

Baker's Edge Lasagna and Brownie Pan

Book: "A Course in Weight Loss"

Book: "Decoded," by Jay-Z

Five-Year Netflix Membership

52" Sony BRAVIA LX900 Flat Screen 3D TV, Blu-Ray Player and 3-D movies

Kiva Gift Card

Elfa Closet System from the Container Store

O Store -- Special Season 25, the Farewell Season T-shirt

Relaxed Fit Pant by Lululemon Athletics

Nike Free Run+ Shoes

Allure of the Seas by Royal Caribbean cruise with flights by United Airlines.

The Black Eyed Peas' CD "The Beginning"

ABC News' Lauren Sher contributed to this report.