"Two Arabian Knights" has the distinction of winning one of the first two Oscars given for Best Direction. In the Academy's first year, 1927-28, the Best Director award was split between dramatic and comedy categories, and "Two Arabian Knights" won the latter. Indeed, it's only the first of two films in Oscar history -- the second being "The Divine Lady" the following year -- to win a Best Director Oscar without being nominated for Best Picture, but since that first year was the only one in which two directing awards were given, it isn't an apples to apples comparison with other years. Lewis Milestone, who certainly deserved to win an Oscar for something and would become the first person to win two directing Oscars when the Academy awarded him the prize two years later for "All Quiet on the Western Front," beat Ted Wilde ("Speedy") to win the one for this film, and I have to say the Academy got it wrong. "Two Arabian Knights" is enjoyable, at times very funny, and features a very fetching Mary Astor (this was the first silent performance I'd ever seen her in), but it doesn't hold a candle to Harold Lloyd's hysterical comedy.
If all had gone originally according to plan, we would be saying that both "Two Arabian Knights" and "Speedy" were bested in this category by Charles Chaplin's "The Circus." But the Academy decided to yank Chaplin's film from competitive consideration and instead give it a special award.
Grade: B+