AND THE BEST DRESSED GOES TO

You guys... I am absolutely floored by Giuliana Rancic's Tony Ward gown. Did you think the Oscars lacked a bit of the wow factor in the fashion department? I only drooled over a few gowns, and hers was one of them. 

Milla Jovavich looked stunning in Elie Saab (always one of my favorites), Michelle Williams rocked a poppy colored Louis Vuitton with an on-trend peplum detail, and Octavia Spencer was gorgeous in a Tadashi Shoji number.