Original: The Golden Raspberry Awards, frequently called the Razzies, were created by John Wilson in 1980 (and first awarded in 1981), intended to counterpoint the Academy Awards by dishonoring (or honoring) the worst acting, screenwriting, songwriting, directing, and films that the film industry had to offer.
Simplified: The Golden Raspberry Awards or Razzies, first awarded in 1981, were created by John Wilson in 1980, with the intention to be the opposite to the Academy Awards by dishonoring the worst that the film industry had to offer.