The Shape of Water has won the Producers Guild of America, which, by all accounts, makes it the odds on favorite to win the Best Picture Oscar. That doesn't necessarily mean it'll pull it off but in an unpredictable awards season like what we're having, this puts a few things into perspective. It also legitimizes a possible Best Actress win for Sally Hawkins and Best Director for Guillermo Del Toro, if he wins the DGA then the chances of his film winning the top prize jumps to astronomical levels.