

3. Demi Moore in Atelier Versace. This dress is perfection, and Demi Moore, whose body was frozen in time at seventeen, works it. I love the contrastic nude tones, the layers of ruffles, and the perfectly placed rosette.

2. Sarah Jessica Parker in Chanel. I struggled whether to give the always fashionable Ms. Parker first or second place. Pale yellow silk says luxury like very few fabrics do. Chanel has created a perfectly lovely, floaty, dreamy dress. Ah, Karl and SJP, you've done it yet again.

1. Vera Farmiga in Marchesa. Could anyone miss this dress while watching the Oscars? Farmiga sat front and center, wearing a dress worthy of the spot. Georgina Chapman, who designs Marchesa's incredible dresses, is always at the top of her game, and Farmiga's Oscar dress is no exception. The dress is haute couture at it's finest. The color is perfection, and the ruffles are perfect. Ruffles are tricky because they can easily be poorly placed or overwhelming. Chapman stunned us with the perfect amount of ruffles: enough to capture our attention and imagination and not too many to overwhelm Farmiga's stellar figure. This dress is what the Oscars are all about to me: a fantasy.

