Gowns and tuxes and Jared Leto’s hair, oh my! Our favorite awards show of the year aired last night: the 86th Annual Academy Awards! Ellen Degeneres was everything we could have wanted in a host and more, providing non-stop laughter (she brought in pizza for the A-listers & then made them pay up!) and a selfie that broke Twitter! The gents were dashing, the ladies were stunning, the speeches were tear-worthy (Jared & Lupita, siiiiiigh), and the awards were so very well-deserved. Oh, and did we mention the fashion? Be still, our hearts!

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Everything Embellished: Cate Blanchett won the Oscar for Best Actress, and also won the red carpet in a blush embellished Giorgio Armani gown, while the pretty in pale Jenna Dewan-Tatum simply slayed in Reem Acra!

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Kate Hudson was reminiscent of an Old-Hollywood starlet in a fabulous floor-lengthVersace that fit her like a glove!

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Ice Queens: Frozen‘s Kristen Bell wore a captivating Cavalli, while Naomi Watts sparkled in a perfect-fit Calvin Klein dress!

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Bodice Babes: We were in love with the detailed bodice on Anne Hathaway’s Gucci gown, and Emma Watson was a sparkling siren (per the usual) in Vera Wang!

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Sandra Bullock’s navy blue Alexander McQueen was a total show-stopper. With a cascading waterfall of elegant fabric and a perfect sweetheart neckline, the Gravity star looked out-of-this-world!

Click below for our best-dressed winner of the fabulous evening!

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Beauties in Black: Karen O was a vintage vixen in a black, deep-V Camilla Staerk , and Charlize Theron took our bated breath away in a midnight black Dior!

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Could Angeline Jolie be any more gorgeous?! The humble humanitarian wore a beautifully beaded Elie Saab, simply adorned with a toned-down beauty and hair look that complimented the dress perfectly.

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Gorgeous couple alert! These too-hot-to-handle pairs made true love look good on the red carpet! Can we give them all Oscars for being absolutely adorable?

Clockwise from top left: Olivia Wilde & Jason Sudeikis, Elsa Pataky & Chris Hemsworth, Matthew McConaughey & Camilla Alves, Brad Pitt & Angelina Jolie.

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Dapper Dudes (clockwise from top left): Jared Leto not only won the Oscar for Best Supporting Actor, but he also won for best tux, looking handsome as ever in Saint Laurent! Joseph Gordon-Levitt (swooooon) was cute as can be in Calvin Klein, Leonardo DiCaprio was an Armani stud, and we fell in love with Bradley Cooper in Tom Ford!

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Jennifer Lawrence, our favorite Dior darling, was a crimson dream in her strapless Dior Couture dress. With a clever coif and delicate jewels, she was statuesque and gorgeous!

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Lupita Lupita Lupita! America’s new sweetheart was a vision in a pleated pale blue Prada, looking nothing shy of picturesque. Even with an extreme deep-V, she was the epitome of elegance, and we won’t soon forget the image of her dress cascading down the steps as she walked on stage to accept her Oscar for Best Supporting Actress!

(images courtesy of huffingtonpost.com and vogue.com)