The Best, Worst & Wackiest Fashions Of The Academy Awards

BEST: Winter's Bone Best Actress Nominee Jennifer Lawrence looked red hot in a custom made Calvin Klein Collection halter gown.

Hailee Steinfeld co-designed her gorgeous Marchesa crystal dress

WORST: The Fighter nominee Melissa Leo definitely grabbed attention in her mirrored gold and white gown which was custom made for her by Marc Bouwer, but we couldn't get past the awkward neckline and strange slit

BEST: Could Mila Kunis look any sexier in her lavender Elie Saab Spring 2011 gown? The Haute Couture creation barely covered her body, but managed to look classy instead of trashy. Only The Black Swan babe could pull off this look, which she finished off with Neil Lane bling.

BEST: Mandy Moore looked dreamy in her sparkly Monique Lhuillier gown. Hello, Old Hollywood!

BEST: Michelle Williams rocked a stunning and sophisticated Chanel gown, which featured impeccable beading.

BEST: Navy blue was the perfect hue to bring out Amy Adams natural beauty. Her sparkling L'Wren Scott Fall 2011 gown graced her figure in the best way possible, while Cartier jewels blinged up the look.

BEST: Florence Welch for an understated by pretty victorian Valentino gown.

BEST: Anne Hathaway brought out the bombshell with her scarlet red Valentino gown, which featured a side bustle.

WACKY: Cate Blanchett clearly stepped out of her comfort zone with her lilac Givenchy Haute Couture gown, which was beaded in lilac and yellow. The attention-grabbing gown just wasn't a great choice for the Academy Award winning actress.

WORST: Scarlett Johansson stunned in a one of a kind lace gown by Dolce & Gabbana. The newly single star, who is the cosmetic and fragrance brand ambassador for the Italian brand, ruined the look with her totally unruly hairdo.

BEST: Justin Timberlake, who brought along his mother, was terrifically tuxedo in Tom Ford, which the iconic designer tailored himself.

BEST: Hilary Swank got glammed out in Gucci, wearing a sequined and feathered strapless gown, which clung to her hard body.

WORST: Marisa Tomei's Charles James Vintage gown was a bit too big and frou frou for the petite actress.

BEST: Sharon Stone may be over 50-years-old, but she is still one of the sexiest stars in Hollywood, proving it by hitting the red carpet glammed up and gorgeous in a one-shoulder, feather embellished gown.

BEST: Penelope Cruz looked post-preggers perfect, showing off her already svelte bod in a skintight, scarlet red L'Wren Scott jeweled dress.

BEST: Reese Witherspoon looked beyond beautiful in a black and white Armani Prive strapless gown, wearing her blonde hair up in a high ponytail.

WORST: Nicole Kidman experienced a fashion flop in a Christian Dior creation, had an oragami-like feel to it.

BEST: Gwyneth Paltrow looked sleek and sexy in a silver Calvin Klein gown, which featured a plunging neckline.

BEST: Red is the new black! Sandra Bullock rocked a sensational scarlet Vera Wang gown.

BEST: Helen Mirren was a delightful Dame in a pretty pewter, sharp-shouldered Vivienne Westwood Couture gown.

WACKY: Helena Bonham Carter turned to costume designer Colleen Atwood to create this 1800's look, upping the wacky factor as usual in the most entertaining way possible.

Michelle Rodriguez Oscar Dress: MISS

Michelle Rodriguez hit an Oscar afterparty last night in Hollywood, looking like she may have forgotten some of her dress, maybe even a lot of her dress. The 'Lost' star wore a gray lace bodysuit with a sheer overlay that leaves very little to the imagination.
So last year Britney's Grammy Dress...

Anne Hathaway Oscar Dresses

Hathaway, styled by Rachel Zoe, pulled off look after look with ease, seeming as comfortable in a heavy strapless gown as a tux.

With her wide smile, harlequin eyes and infectious enthusiasm, she sort of reminded us of a student council president or head cheerleader, if that girl had access to the best closet around.

On the red carpet: The actress arrived on the red carpet in a scarlet Valentino archival gown with matching red lips and nails.

The opening segments: The "Love & Other Drugs" star slipped into an embroidered ivory princess gown from Givenchy Haute Couture.

With co-host James Franco in drag: The Jersey girl added custom Brian Atwood pumps to her Lanvin tux.

The Hollywood princess: Hathaway looked like she walked out of a fairy tale in a gray Vivienne Westwood corseted couture gown with embroidered lace and sequins that was custom-made for her.

The Oscars climax: Hathaway shimmied in a disco-style gold fringed gown by Oscar de la Renta and looked electric in an off-the-shoulder cobalt custom satin dress from Armani Privé Couture. And we adored the strapless burgundy beaded gown from Atelier Versace.

Finale with children's choir: Ending on a high note, she wore a Tom Ford gunmetal lace and crystal long-sleeve gown.

And don't even get us started on the hair.

It seems like Anne Hathaway can do no wrong, but she actually isn't good at everything. Watch our partner video below to find out some of Anne's flaws.

5 Worst Dressed Celebs On The Oscar Red Carpet

5 Best Dressed Celebs On The Oscar Red Carpet

Jennifer Lawrence

Halle Berry
Both Halle Berry and Marchesa are already known for hitting red carpet home runs on the regular, but when you put the two together, you get a slam dunk. Berry's frothy champagne number looked delightful and the detailing on the train was exceptional.

Hailee Steinfeld
Hailee Steinfeld's ballerina pink, princess gown she co-designed with Marchesa's Georgina Chapman was exactly the right dress for a 14-year-old Oscar nominee: it was pretty, perfectly age appropriate, and ideally accessorized. This look is, quite literally, what dreams are made of

Mila Kunis
Embracing one of Sunday night's biggest trends, Mila Kunis walked the Oscar red carpet in a lace-y lilac design by Elie Saab. While the color initially felt like a bit of a tough sell, the detailing and impeccable styling made this one a clear winner.

Cate Blanchett
In a sea of pretty, if seriously snoozeworthy gowns, Cate Blanchett's pale purple number by Givenchy Couture was a veritable work of art