Christoph Waltz
I recently caught Inglorious Basterds, and while I thought it had its moments overall I thought the movie was forgettable (and with a horrible message)... except for one performance.
Christoph Waltz's portrayal of a devastatingly smart and brutal Nazi officer had better win the Oscar this year. The way his character played with his victims like a cat would play with a mouse unnerved me. Now his character's naivete at the end was totally out of place and ruined the movie for me, but until that point I think he was one of the most effective movie villains of all time.
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