Ryan Gosling Explains Why He Laughed During Oscars Mishap: 'I Was So Relieved' It Wasn't Something Worse

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The world watched in horror as La La Land was declared Best Picture at last month's Oscars, only for Moonlight to be announced as the real winner minutes later -- but not Ryan Gosling.

While his cast and crew couldn't hide their shock, the 36-year-old actor couldn't help but giggle through the mix-up -- and didn't offer an explanation for the unusual reaction until Wednesday.

WATCH: How the Oscars Best Picture Mix-Up Happened: Everything We Know About the Envelopes So Far!

"What really was happening as I was watching, it was surreal anyway, I was watching people start to have this panicked reaction in the crowd and guys were coming on with headsets and I felt like someone had been hurt," Gosling shared while speaking at the Adobe Summit in Las Vegas. "I thought there was some kind of medical situation, and I had this worst case scenario playing out in my head."

"And then I just heard, 'Oh Moonlight won,' and I was so relieved that I started laughing," he continued. "But truthfully, I was also so thrilled that Moonlight won, I know the director…I’ve worked with them before. It’s such a ground breaking film, made for a million dollars, and incredible achievement and I’m so happy for them that they were being recognized."

The blunder unfortunately left Gosling without an award that night, but his co-star, Emma Stone, couldn't have been more gracious about the gaffe backstage.

"Whew, you guys see that?" she cracked.

RELATED: Watch the Moment Emma Stone and Damien Chazelle Realize 'La La Land' Did NOT Win Best Picture 

"I f**king love Moonlight. God, I love Moonlight so much. I am so excited for Moonlight," the 28-year-old said. "And of course, it was an amazing thing to hear La La Land. I think we all would have loved to win Best Picture, but we are so excited for Moonlight. I think it is one of the best films of all time, so I was pretty beside myself."

See more in the video below.