After watching Giuliana Rancic and the E! news team predict what stars will wear to the Golden Globes tonight for two hours, we're finally getting some answers. (We predict the E! predictions will be wrong, by the way. No major actress is going to wear fringe tonight.) Now the red carpet is lighting up with Dior and diamonds (Giuliana claims she's wearing $3 million worth of sparkly stuff).

First up, we have nominee Lupita Nyong'o (12 Years a Slave) in a bright red Ralph Lauren cape dress. This is, as the Fashion Police would say, a big "moment" for the relatively unknown star. Looks like a dress you win in. 

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Here's Lena Dunham (Girls) in a bright yellow Zac Posen dress. The color is cool, but the fit is a little off. 

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And now, we have dueling brunettes in gold Oscar de la Renta dresses. Michelle Dockery (Downton Abbey) WORE IT BEST. She completely blows Zooey Deschanel (The New Girl) out of the water. Zooey's look is just too busy: crop top, hair flower, weird cut on the bottom. Not to mention she fastened daisies to her nails. 

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Julia Roberts is wearing a Dolce & Gabbana shirt dress, for reasons we will never understand.

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Sarah Hyland (Modern Family) has some good hair going on. A child of Pinterest, she says she got the idea for the braids from Valentino's spring show. 

Jared Leto, meanwhile, has a man bun. 

And Hayden Panettiere, bless her little Nashville heart, has the worst hair of all.

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Nominee (for best original song) Taylor Swift looks a liiiittle fancy. So far she's publicly talked about her best friendships with Julia Roberts, Lena Dunham, and Jennifer Lawrence, but the night is young. 

And here's America's BFF herself, J-Law. She's wearing Dior as she is contractually obligated to do. 

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Former Reigning BFF of America Sandra Bullock looks very cool in Prabal Gurung. 

Paula Patton, wife of 'Blurred Lines' singer Robin Thicke, is doing her best to grab headlines.

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Very sweet of Drew Barrymore to wear her child's homemade Valentine's Day card tonight. (Actually, Monique Lhuillier did this.)

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Amy Adams plays homage to her American Hustle character with a plunging neckline, but we can't support that hair choice. It should be down.

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Our favorite fashion moment of the night has to be Kaley Cuoco. She matched her eyeshadow to her dress — that's how you know it's good.

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And now, the show is starting! Head on over to our live blog for tonight's best moments. 

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