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Charlize Theron and Cate Blanchett may not be winning Oscars tonight, but they get our prize for best dressed! Charlize Theron in a plunging red Christian Dior gown with a short train and Cate Blanchett in feminine seafoam green Armani Prive gown with appliqué flowers. STUNNING!

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Reese Witherspoon and Alicia Vikander prove there IS color at the Oscars! Okay, maybe not skin color, but in bright, satiny dress, yes! Reese stunned in a deep purple Oscar de la Renta, while nominee Vikander's yellow Louis Vuitton is one of our favorite dresses of the night!

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And in the celebrity couples category -- Lady Gaga in a Brandon Maxwell jumpsuit with half-skirt and fiance Taylor Kinney looking more handsome than ever! Also, Sylvester Stallone, who has his fingers crossed for an Academy Award tonight, and sexy wife Jennifer Flavin in a strappy down with a thigh-high slit. Hey, if you've got it, flaunt it!