Stefanie Furer covers the fashion world

As with every awards show, there were some clear winners, and some unfortunate losers. And we're not talking about the hopefuls of the coveted Academy Award, of course. We're talking about the fashion gracing the red carpet.

And this year, we saw so many talented actresses donning some beautiful gowns created by amazing designers. Tom Ford's sleek white gown looked stunning on Gwyneth Paltrow. And hats off to her - she definitely rocked the unique look.

Cameron Diaz's gorgeous cream and silver Gucci gown was spectacular, but I wasn't a fan of her hair, accessories and makeup. Especially the hair. The gown needed a more glamourous hairstyle to complement it, and the heavy necklace distracted from the simplicity of the dress. Cameron should have either gotten extensions or pulled her hair into a chignon with drop earrings.

Octavia Spencer was another favorite of mine. I just loved how the beaded silk and tulle dress hugged her figure and made her look breathtaking as she accepted her award tonight.

I was in love with Stacy Keibler's overall look tonight at the Oscars. The gold Marchesa gown was unbelievably stunning on her. She looked sleek, chic, and effortlessly beautiful. The detailing on the dress was exquisite. She wins for best dressed in my book.

Okay, so I have a mini-girl crush on Natalie Portman. She's one of my favorite actresses and she can pull off most any look. Except for the red polka-dot dress that she wore tonight. I was crushed when I saw her walk on stage to present the award for Best Actor. I mean, seriously? A long, red dress... with polka-dots? So devastating.

Sandra Bullock normally hits a home run on the red carpet, but she definitely struck out tonight with her black, white and gold Marchesa dress. It looked like something you'd pull off the rack at a department store. Boring and a little outdated.

You could tell Angelina Jolie thought her high-slit black velvet dress was sexy, but she looked emaciated and almost like she was drowning in the bulkiness of that dress. And who wears velvet anymore? It's not 1995!

I wish I could put Tina Fey on my best dressed list at least once, but she always seems to go the wrong way every year. Always black or navy, always boring, and never reflective of her fun, bubbly personality.

View the full Oscars photo gallery.