fˈaʊndᵻd ɪn nˈaɪntiːnhˈʌndɹɪd nˈaɪnti ˈeɪt baɪ kəmˈiːdiən ɡɹˈɛɡ flˈiːt, ðə pˈiːs ʌv wˈʊd ɐwˈɔːɹd ɪz ɐwˈɔːɹdᵻd dˈʊɹɹɪŋ ðə mˈɛlbɚn ˌɪntɚnˈæʃənəl kˈɑːmədi fˈɛstɪvəl tə ðə bˈɛst ʃˈoʊ æz vˈoʊɾᵻd baɪ ɐ kəmˈɪɾi ʌv kəmˈiːdiənz wˌɪtʃ ɪŋklˈuːdz ˈɔːl pˈæst wˈɪnɚz ʌvðɪ ɐwˈɔːɹd.
Founded in 1998 by comedian Greg Fleet, the Piece of Wood Award is awarded during the Melbourne International Comedy Festival to the best show as voted by a committee of comedians which includes all past winners of the award.