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See the best and worst fashion statements made at the Academy Awards

Shaun Harrison
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1 of 16 Steve Granitz/WireImage.com

Hit

Taraji P. Henson is stunning in a layered, gauzy white gown with a striking diamond choker.
2 of 16 Steve Granitz/WireImage.com

Miss

Bolt's Miley Cyrus usually impresses us with her red-carpet savvy, but this scalloped, sparkly outfit is too much for the 16-year-old.
3 of 16 Steve Granitz/WireImage.com

Hit

Slumdog Millionaire beauty Freida Pinto wows in a royal blue, one-shouldered stunner.
4 of 16 Jeff Vespa/WireImage.com

Miss

Don't you just want to hike up this dress an inch or two around the bustline? Best actress nominee Melissa Leo misses the mark with a frumpy copper gown that is too perfect a match for her feathery helmet hair.
5 of 16 Steve Granitz/WireImage.com

Miss

Heidi Klum loves red, and for good reason, it looks amazing on her. But the cut and style of this angular, minimalist frock is a bit too Jetsons for our taste.
6 of 16 Steve Granitz/WireImage.com

Hit

Wow, Robert Downey, Jr.! We're not sure what you're doing to look so rested, but keep doing it. You look 10 years younger.
7 of 16 Steve Granitz/WireImage.com

Miss

A newly brunette Sarah Jessica Parker loves to take risks on the red carpet, but this gown — and her push-up bra — should have stayed in her overflowing closet of free designer duds.
8 of 16 John Shearer/WireImage.com

Hit

Many a starlet should take note of Natalie Portman — she's perfection from head to toe in this raspberry strapless gown.
9 of 16 Steve Granitz/WireImage.com

Miss

Mickey Rourke's wonky, casual ensemble is almost redeemed by a sweet locket he wore on his lapel as tribute to his late pup, Loki. Almost.
10 of 16 Steve Granitz/WireImage.com

Hit

Anne Hathaway made a big impression on us with her strapless, beaded white gown that showed off her gorgeous hair and fair skin. Take that, ex-boyfriend!
11 of 16 Steve Granitz/WireImage.com

Miss

All the single ladies may love Beyoncé's latest anthem, but they probably shouldn't take any fashion advice from the multi-hyphenate, who wore what appears to be a museum vase.
12 of 16 Steve Granitz/WireImage.com

Hit

Best actress nominee Kate Winslet finishes out award season in a stunning, gray and black, one-shouldered gown with lovely beading. But it's her gorgeous, Grace Kelly-style hairstyle that we really love.
13 of 16 Steve Granitz/WireImage.com

Miss

We beg of you, Tilda Swinton: If you're going to wear such an unflattering outfit, at least make it in a color that's not so… deathly morbid.
14 of 16 Steve Granitz/WireImage.com

Hit

Penelope Cruz can strut her Oscar around in style. Her dress might be a bit full, but it really brings out her glowing olive skin tone and elegant hairdo.
15 of 16 Jon Kopaloff/WireImage.com

Miss

We wish Reese Witherspoon had saved the whimsy for her next Moroccan holiday with Jake. The petite actress took a leap of fashion faith with this bohemian gown, but the fabric engulfed her and left us wondering what her next red-carpet risk will bring.
16 of 16 Steve Granitz/WireImage.com

Miss

The only way Philip Seymour Hoffman could get away with wearing a wool cap to cover his greasy hair would be if he was giving up acting for a career as a longshoreman. But he's not. Seriously dude, you had a few months' notice.