It's finally here!
It is time for the 88th Academy Awards. For fashion-lovers, the red carpet is the most exciting part of Hollywood's night of nights!
Scroll through our gallery for live fashion updates, or scroll down for highlights.
So far there have been some very unique and detailed looks on the red carpet.
Best Supporting Actress nominee, Alicia Vikander, is wearing a pale yellow gown by Louis Vuitton, while Star Wars: The Force Awakens star Daisy Ridley is wearing an ankle-length grey gown.
And the leading actress nominees have started to arrive...
Cate Blanchett, nominated for Best Actress for her role in Carol, is looking as ethereal as always in a mint green floral dress.
Saorise Ronan, star of Brooklyn, is looking very sexy in a low cut and shimmering emeral green Calvin Klein number.
Sparkles are a bit of a trend tonight with Naomi Watts looking absolutely dazzling in this blue/purple gown. The Aussie actress is attending the ceremony with her husband Liev Schreiber, star of Best Picture nominee Spotlight.
Fellow Aussie, Margot Robbie, is also dazzling in a long-sleeved gold gown.
Meanwhile, we can all go home because the red carpet has been won by frequent red carpet-slayer: Olivia Wilde!
Oh wait, Rachel McAdams is in the building and oh sweet heaven, she is divine! Look at that train, that back, the colour. Wow.
Charlize Theron, star of Mad Max: Fury Road, is also rocking an incredible train in a bright red.
In the quirky column, Lady Gaga is rocking pants! It's old Hollywood meets 2016.
Look who arrived together! It's Kate and Leo!