Red carpet trends:
White Hot: as seen on Shailene Woodley, Milla Jovovich, Octavia Spencer, Rooney Mara, Kelly Ripa, Sandra Bullock, Jennifer Lopez and Gwyneth Paltrow
Peplums: as seen on Tina Fey and Michelle Williams
The Gilded Lady: as seen on Jessica Chastain, Stacy Kiebler, Sandra Bullock and Meryl Streep
Purple reign: Maya Rudolph, Sarah Hyland, Penelope Cruz and Virginia Madsen
Drama down below: Cameron Diaz, Viola Davis, Kate Mara, Kristen Wiig and Louise Roe
Click through the gallery below for the latest images from the Oscars 2012 Red Carpet. Who do you think is best dressed?