It's still early on the red carpet, but nominee Lupita Nyong'o already has the best look you'll see tonight. She's wearing a custom Prada gown in what Kelly Osbourne has termed "Nairobi blue" (Nyong'o says the blue reminds her of her home city.)

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She's perfectly accessorized the low cut gown with a gold headband and simple, gold jewelry. She's wearing a gold frog ring she says is a "family totem." This girl is dressed to win.

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In other fashion news, we have Jared Leto rocking his signature ombré locks and an off-white tux. 

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And then we have Pharrell wearing shorts (but no hat):

Nominee Amy Adams is keeping it simple in Gucci tonight. It's not really a moment, but it works. 

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And Idina Menzel, who will perform everyone's favorite Frozen track, "Let it Go," tonight, looks (predictably) good in green. 

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Kerry Washington looks stunning. As Giuliana Rancic actually said, "Her baby bump is her best accessory." Sadly, it looks like the rain got to the bottom of her gown. 

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Nominee Cate Blanchett is wearing Armani Prive.  

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She snatched this one right off the runway, but ditched the belt, which we think is wise. 

Jennifer Lawrence has survived her fall in red Dior. It's reminiscent of her first Oscars appearance when she was nominated for Winter's Bone in 2010 (below at right).

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And Angelina Jolie and Brad Pitt showed up looking like Prom King and Queen. Jolie's in a semi-see through Elie Saab gown. Pitt has a new haircut. 

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Nominee Sandra Bullock closed out the red carpet with a beautifully-draped Alexander McQueen gown. 

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