Oscars 2011: Top 5 Best Dresses

Celebrity Style Feb. 28, 2011 AT 8:58AM

Forget the competition for winning an Academy Award. The real battle last night was on the red carpet for the coveted title of best dressed.

PHOTOS: See what all the stars wore!

So let's get right to it with a sneak peek at our picks for the fashion hits.

Mila Kunis, who was one of the first stars to hit the carpet, went for a racy lingerie-inspired lavender Elie Saab Haute Couture gown that showed off her incredible figure. Love!

Never one to disappoint, style star Gwyneth Paltrow wore a metallic Calvin Klein Collection gown with stunning Louis Vuitton jewels.

Fashion critics wondered what a very pregnant Natalie Portman would wear for her big night and she absolutely killed it in a custom violet-hued Rodarte dress.

PHOTOS: Oscar fashion fails

To find out what other stars stood out, watch the video above!

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