The /v/GAs (Vidya Gaem Awards) were born in early December 2011 as a response to the Spike VGAs, which were widely regarded as terrible and a cancer upon the video game industry.
A small group of anons decided to make their own presentation for /v/: after a month or so of planning, categories were made, votes were tallied and the presentation was shown to over 10,000 people live. It was widely regarded as terrible and a cancer upon /v/.
Despite this, every year, a group of anons come around and make an award show showcasing the best and worst in video games, as well as the video game industry at large. Run by /v/, for /v/, the /v/GAs is the internet's response to industry funded award shows.