By Leah OrnsteinRadar Style & Beauty Editor

The Academy Awards is the most important event of awards season – in more ways than one.

After months of looking at gorgeous designers gowns, hot heels, sparkling clutches and ridiculously expensive bling, Hollywood’s hottest stars have made their selections and the they are ready to be judged for their winning and sinning style!

From red carpet veterans like Michelle Williams and Glen Close to newcomers Shailene Woodley and Jessica Chastain, has photos of the best, worst & wackiest dressed stars at the Oscars.

PHOTOS: The Best, Worst & Wackiest Dressed Stars At The 2012 Academy Awards

Best Actress nominee Michelle Williams stole the red carpet show with her blast of coral color.  The My Week with Marilyn star wore a stunning strapless Louis Vuitton Couture gown, which she paired with Christian Louboutin heels, a Bottega Venetta bag and Forevermark and Fred Leighton jewelry.

Jessica Chastain and Rooney Mara were our other favorite looks of the night. The Help and The Tree of Life star looked like she belonged in a museum in her bronze and black Baroque style Alexander McQueen gown, while Mara looked angelic in a gorgeous white Givenchy gown.

PHOTOS: Stars Arrive At The 2012 Academy Awards

Did J.Lo get the memo that she was presenting at the Oscars – not the Grammys?!  The former Fly Girl resurrected her old look, showing too much skin in a Zuhair Murad gown that showed off her assets to the max. She finished off the fashion faux pas with Lorraine Schwartz bling.

The wackiest look of the nigh was undeniably Sacha Baron Cohen who channeled The Dictator. Dressed like the title character of his controversial upcoming flick, he told Ryan Seacrest that he was wearing John Galliano and Kmart socks before he spilled the ashy contents of his urn all over the television personality.

Who else was dressed to rock and shock at the 2012 Academy Awards?  Find out by clicking here.


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