Best: 'Gossip' Maven

Blake Lively sure knows how to get people talking. The 'Gossip Girl' star borrowed from her character's fashionista ways in this steel blue, jewel-encrusted strapless Nina Ricci gown.

Best: Closer to Fine

'The Closer' star Kyra Sedgwick is a knock-out in this cranberry-hued belted and bustled Oscar de la Renta gown, reminding us all why she's a repeat nominee: She knows how to work it and is always a crowd pleaser.

Worst: Fallen Hero

Hayden Panettiere shows her dark side in a deep purple Gianfranco Ferre gown, with jeweled detail at the chest-smooshing strapless neckline. But it's her darker skin tone that's really catching our eye on the dead-of-winter red carpet. Hope she thanked spray tan.

Worst: Suit Yourself

Did Susan Sarandon go rummaging in Tim Robbins' closet for this look? Or maybe Madonna's '80s leftovers? Either way, the Hugo Boss suit is far too casual (and the satin bustier far too revealing). Is a gown just too mainstream, Susan?

Worst: 'Curious,' Indeed

'Benjamin Button' star Taraji P. Henson is always stunning, but the ruffled, fluttery detail on her J. Mendel gown overwhelms her fabulous figure, and the multi-colored print leaves an underwhelming impression. Next time, don't be afraid to glam it up, Taraji.