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OSCARS 2013 RED CARPET: The good, the bad and the WTF.

It’s Oscars day! And we’re so pumped about it we decided to have a party. Join us on Twitter here and follow the hashtag #MMOscars – for live red carpet updates of the weird, wonderful and wtf frocks. And as always, we’ll be updating our fashion gallery below as the stars arrive.

The Academy Awards are probably one of the most anticipated style events of the year, it was 12 months ago Angelina Jolie flashed her right leg and we’re still talking about it. As for the frocks, we’re expecting to see dresses with crotch splits, cut-outs and we’ll be really disappointed if there is no sideboob, frontalboob or windowboob.

And if that’s not enough to sate your appetite for Academy Awards glamour, then you’re in luck – because we have the best of the Oscars after parties right here. Click through the gallery below for pictures from the Vanity Fair party and the Elton John AIDS Foundation Academy Award Party.

Who gets your vote for best dressed? 

And the winner is… for the films, that is. This is apparently the reason the Oscars happens, after all.

The following films and actors have been recognised as the most exceptional releases this year. What do you think of the winners?

If you do not want to spoil yourself, do not keep reading. We repeat, do not keep reading.

Supporting Actor: Christoph Waltz

Animated Short Film: “Paperman”

Animated Feature Film: “Brave”

Cinematography: Claudio Miranda for “Life of Pi”

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Visual Effects: “Life of Pi”

Costume Design: “Anna Karenina”

Makeup and Hairstyling: “Les Miserables”

Live Action Short Film: “Curfew”

Documentary Short Subject: “Innocente”

Documentary Feature: “Searching for Sugar Man”

Foreign Language Film: “Amour”

Sound Mixing: “Les Miserables”

Sound Editing: A tie between “Zero Dark Thirty” and “Skyfall”

Supporting Actress: Anne Hathaway for “Les Miserables”

Film Editing: “Argo”

Production Design: “Lincoln”

Original Score: “Life of Pi”

Original Song: Skyfall from “Skyfall,” by Adele Adkins and Paul Epworth

Adapted Screenplay: “Argo” by Chris Terrio

Original Screenplay: “Django Unchained” by Quentin Tarantino

Directing: Ang Lee for “Life of Pi”

Actress in a Leading Role: Jennifer Lawrence in “Silver Linings Playbook”

Actor in a Leading Role: Daniel Day-Lewis in “Lincoln”

Best Picture: “Argo”, directed by Ben Affleck and produced by George Clooney and Grant Heslov