Director Gregg Araki's KABOOM has taken the inaugural Queer Palm at the Cannes Film Festival.

The award recognizes one film for its contribution to lesbian, gay, bisexual or transgender issues.

In a statement released Tuesday, Araki said winning the first Queer Palm was “almost beyond belief.”

The movie was the 50-year-old filmmaker's first inclusion in Cannes' official selection. Reviewers have hailed the film as Araki's return to themes he made relevant in his early successes such as The Living End and The Doom Generation.

KABOOM follows the exploits of a young man named Smith (played by Thomas Dekker), who after eating some hallucinogenic cookies, finds himself embroiled in the gruesome murder of an enigmatic red-haired-girl from his dreams,” wrote Anthony Kaufman on the blog

Dekker and his college friends also travel on a journey of sexual awakening throughout the movie.

Cannes, whose 63rd edition ran for 10 days in a town along the French Riviera, was the largest European film festival to lack a gay prize. The Berlin Film Festival's annual Teddy Award first debuted in 1987, while the Queer Lion has been recognizing gay-themed films screened at the Venice Film Festival since 2007.

The Queer Palm is sponsored by the French directing team of Oliver Ducastel and Jacques Martineau. The 2010 jury included transgender activist-actress Pascale Ourbih. Ourbih is the subject of Italian Director Alessandro Avellis' 2008 documentary Transseizieme.

The award was handed out Saturday at Zanzibar, the oldest gay bar in Europe.