Ashley Olsen and Mary-Kate Olsen

It's not quite award season, but that doesn't mean there aren't plenty of red carpet looks to scrutinize! In TVGuide.com's first edition of our Fashion Hits & Misses video, we take an up-close look at the stunning (and staggeringly awful) outfits of celebs such as Cate Blanchett, the Olsen twins, Lady Gaga and more. Check out the video and be sure to weigh in on what you think of the red carpet fashions.

Watch the video: