She is without a doubt one of the best actresses of all time (and also one of my favourite actresses of all time). She also possesses such a unique and timeless beauty, and is ageing quite gracefully. (I personally love her cheekbones.)
She's simply the best.
She's been nominated for an Academy Award 14 times, for films like; Julie & Julia, The Bridges of Madison County and Out of Africa, and actually won the award twice for Kramer vs. Kramer and Sophie's Choice. She's almost gotten nominated every single year since 1979. Almost.
Her record-breaking 16 nominations, are something that is joked about a lot at the Academy Awards, specially last year in the opening monologue when Steve Martin jokingly said that the Academy ends up 'nominating Meryl Streep no matter what'.

On the same night Stanley Tucci also said:
That is why I have spearheaded a movement in the Academy to cap the number of nominations per actor at 16, which means that this could be the last time that anyone would have to stand up here and say despite their personal feelings that Meryl Streep is quite simply the best.But we all know that she'll be coming back for more. I would bet everything I have that she'll get another nomination for her portrayal of Margaret Thatcher in the film The Iron Lady when it is released. She's so good you don't need to actually see the movie to know how good she'll be in it.
In 2004 she was also the recipient of the 32nd annual AFI Lifetime Achievement Award.
Things get very intense after the jump.