Watch the video (above) for an exclusive, inside look at Us Weekly's annual Hot Hollywood style bash, honoring Jennifer Lopez as the Style Icon of the Decade.

PHOTOS: What all the stars wore to Us' Hot Hollywood party

The bash -- sponsored by Absolut Berri Acai, Motorola Cliq XT with MOTOBLUR, Piperlime and Sony Cyber-shot DSC-TX7 -- attracted the likes of Sheryl Crow, Kelly Osbourne, Twilight's Nikki Reed, Paris and Nicky Hilton, DWTS' Nicole Scherzinger and Karina Smirnoff and American Idol's Katharine McPhee, among others.

PHOTOS: Who else was honored at Us' Hot Hollywood bash?

Says McPhee, who was honored as the In-Vogue Vocalist, "I'm so excited! How did they pick me out of all these girls? It was definitely a surprise."

PHOTOS: More party gossip!

For more details on stars' fave style trends, and an inside look at the fete, held at the Drai Hollywood club in the W Hotel, check out the video (above).