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Oscars Fashion: Mila Kunis, Michelle Williams and Other Stars Shine on the Red Carpet

Stars let loose at the exclusive Vanity Fair party. Jacob Bernstein navigates the crowd, chats with Natalie Portman, and spots some flirting. View photos of the revelry and red carpet.

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Kevin Mazur, VF11, WireImage / Getty Images
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Kevin Mazur, VF11, WireImage / Getty Images
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Kevin Mazur, VF11, WireImage / Getty Images
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Kevin Mazur, VF11, WireImage / Getty Images
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Craig Barritt / Getty Images
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Evan Agostini, PictureGroup / AP Photo
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Christopher Polk, VF11 / Getty Images for Vanity Fair
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Evan Agostini, PictureGroup / AP Photo
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Craig Barritt / Getty Images
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Pascal Le Segretain / Getty Images
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Carlo Allegri / AP Photo
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Evan Agostini, PictureGroup / AP Photo
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Mick Jagger and his girlfriend, designer L’Wren Scott, arrive at the Vanity Fair Oscar Party.

Danny Moloshok, Reuters / Landov
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Diane von Furstenberg, in a beaded dress and fur stole, arrived at the Vanity Fair Party at the Sunset Tower Hotel.

Michael Buckner / Getty Images
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Anna Paquin, in a red asymmetrical dress and Brian Atwood heels, stunned on the red carpet at the Vanity Fair Party at the Sunset Tower Hotel.

Craig Barritt / Getty Images
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Rita Wilson and Tom Ford at the Vanity Fair Party at the Sunset Tower Hotel.

Christopher Polk, VF11, WireImage / Getty Images
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Emma Stone, with new bangs, arrives at the Vanity Fair Party at the Sunset Tower Hotel on Sunday evening.

Chaz Niell / AP Photo
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Best Actress nominee Natalie Portman stunned in a violet silk chiffon draped gown with Swarovski crystals by Black Swan designer Rodarte.

Ethan Miller / Getty Images
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Academy Awards host Anne Hathaway stunned in a red 2002 Valentino Couture with a long bustle, and posed with designer Valentino Garavani on the red carpet.

John Shearer / Getty Images
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Reese Witherspoon wore a black and white Giorgio Armani Privé evening gown with a white silk band at the neckline and a subtle train. She paired the look with a high ponytail.

John Shearer / Getty Images
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Halle Berry wore a nude and crystal Marchesa corset dress with organza and silk tulle ruffles.

Matt Sayles / AP Photo
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Mila Kunis from Black Swan wore a revealing Elie Saab Spring 2011 Couture lavender dress with lace inlay.

Frazer Harrison / Getty Images
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Best Actor nominee Colin Firth looked dapper in a Tom Ford tuxedo.

Jason Merritt / Getty Images
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Best Actress nominee Michelle Williams wore a silver beaded Chanel dress.

Matt Sayles / AP Photo
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Amy Adams wore a blue glittering L’Wren Scott dress and Cartier jewels. “I’m so nervous!” she told Ryan Seacrest before the show.

Jason Merritt / Getty Images
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Last year's Best Actress winner wore a red strapless Vera Wang dress with a voluminous bustle and a long train.

Matt Sayles / AP Photo
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Gwyneth Paltrow, who performed at the show, sparkled in a silver Calvin Klein dress with a plunging neckline. "I'm OK right now," she said of her pre-show jitters. "But I haven't slept in a week."

Jason Merritt / Getty Images
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New mother Penelope Cruz looked voluptuous in a red beaded dress by L'Wren Scott with Chopard jewels as she stunned alongside Best Actor nominee Javier Bardem.

Matt Sayles / AP Photo
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Scarlett Johansson wore a crimson lace gown by Dolce & Gabbana with an open back.

Jeff Kravitz, WireImage / Getty Images
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Hilary Swank wore a Gucci Première couture strapless floor length evening gown with silver sequins and crystal encrusted metallic and ostrich feathers.

Matt Sayles / AP Photo
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Jennifer Lawrence, nominated for her role in Winter's Bone, looked red hot in a figure-hugging red dress designed especially for her by Calvin Klein designer Francisco Costa. And she wore little else: Lawrence paired the dress only with a single gold bracelet and a Judith Leiber "Diamond Box" clutch.

Kevork Djansezian / AP Photo
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Helen Mirren looked stunning with new cropped hair and a gray satin Vivienne Westwood gown and vintage Cartier jewels.

Chris Pizzello / AP Photo
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Fourteen-year-old Hailee Steinfeld, nominated for her supporting role in True Grit, looked like a little princess in a one-of-a-kind custom Marchesa dress, Ferragamo shoes and clutch, vintage Fred Leighton jewels, and a thin white headband. “From the beginning, I drew something out, and this is exactly what I had in mind,” she said of sketching a design for the dress. “I love it.”

Matt Sayles / AP Photo
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Best Actress nominee Annette Bening went glasses-free in a black beaded 1930s-inspired dress by Naeem Khan.

Matt Sayles / AP Photo
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Steven Spielberg looked like a proud father as he escorted his 14-year-old daughter down the red carpet.

Matt Sayles / AP Photo
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Helena Bonham Carter wore a black dress with open sleeves, which she paired with a clutch in the shape of a Spanish fan and, as usual, sunglasses.

Chris Pizzello / AP Photo
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Presenter Jennifer Hudson wore a tangerine orange Versace dress with a plunging neckline and a long train and Versace platforms.

Jason Merritt / Getty Images
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Sharon Stone looked chic in a black one-shouldered Dior Haute Couture dress adorned with feathers.

Jose Flores, UPI / Landov
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Nicole Kidman wore an architectural white Dior Haute Couture dress with beading and embroidered flowers.

Jason Merritt / Getty Images
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Florence Welch of Florence & The Machine, who performed during the show, wore a nude Valentino Couture dress.

Matt Sayles
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Nominated for her role in The Fighter, Melissa Leo looked reflective in a custom mirrored Marc Bouwer dress.

Lucy Nicholson, Reuters / Landov
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Cate Blanchett stood out on the red carpet in a purple and green beaded Givenchy Spring 2011 Couture dress.

Steve Granitz, WireImage / Getty Images
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Mandy Moore, who performed at the show, wore a gold beaded Monique Lhuillier dress.

Jason Merritt / Getty Images