From PEOPLE Magazine Click to enlarge
A COUPLE OF CRACK-UPS

With Stacy Keibler (in Naeem Khan) on his arm and a Best Picture Oscar in hand, Argo producer George Clooney had plenty of reasons to beam. Still, as he waited to get his award engraved, he remarked, "I am smiling-you just can't tell because I have a beard!"

THE GOVERNORS BALL

DOLBY THEATRE

THE FOOD: SMOKED SALMON, MINI KOBE BURGERS

DECOR HIGHLIGHT: A 120-FT.-LONG CHANDELIER

PARTY PALS

Jessica Chastain met up with her Help costar Octavia Spencer, who won a Best Supporting Actress Oscar last year.

DYNAMIC TRIO

Barbra Streisand, Adele and Shirley Bassey gave their singing voices a rest at the Wolfgang Puck-catered bash.

SIBLING REVELRY

Sure, she won an Oscar, but Jennifer Lawrence had two other important men to go party hopping with: older brothers Ben and Blaine.

VANITY FAIR

SUNSET TOWER

THE FOOD: SEA BASS AND CHICKEN BY IL PICCOLINO, LATE-NIGHT FARE FROM IN-N-OUT BURGER AND MAGNOLIA BAKERY CUPCAKES

THE DECOR: OLD HOLLYWOOD GLAM

SHAKE YOUR MONEYMAKER

Best Supporting Actress winner Anne Hathaway was ready to party after slipping out of her Prada gown into a Saint Laurent stunner.

THE VANITY FAIR OSCAR PARTY

Flashback

BEN AFFLECK

With cowriter and BFF Matt Damon, Affleck took home his first Oscar in 1998 for Good Will Hunting.

GRACIOUS WINNER

Ben Affleck and wife Jennifer Garner unwound. "Jen looked up at Ben adoringly," says a guest. "She let him have his night." Next stop: Craig's restaurant for George Clooney's afterparty, where Affleck shaved off his beard. "Jen brought clippers!" says a source.

HERE'S LOOKING AT YOU

U2 frontman Bono, Leslie Mann, Bono's daughter Eve Hewson and director Judd Apatow came for dinner but stayed for Graydon Carter's packed party.

THE VANITY FAIR OSCAR PARTY

HOLLYWOOD ROYALTY

Michael Douglas and Catherine Zeta-Jones held court in a booth over the covered pool. "They were very chatty," says a guest. "People were coming up to Catherine, congratulating her on her performance."

GETTING CHEEKY

"Love this," tweeted Miley Cyrus (in Azzaro) of the smooch-fest she and pal Kelly Osbourne had with host Elton John.

ELTON JOHN'S PARTY

WEST HOLLYWOOD PARK

FOOD: A FIVE-COURSE MEAL FEATURING SHORT RIBS AND BROWN-BUTTER ICE CREAM BY GORDON RAMSAY

MUSIC: LIVE PERFORMANCE BY EMELI SANDE

IDOL CHATTER

Randy Jackson, Gordon Ramsay, Steven Tyler, Jim Carrey and Dave Grohl huddled at the party, which raised money for the Elton John AIDS Foundation.

POPPING BY

Britney Spears (in Michael Cinco) spent an hour at the bash-and much of her time with Elton John.

EYES UP HERE

Heidi Klum (in Julien Macdonald) caught up with Kim (in Donna Karan) and Kourtney Kardashian (in Brian Rennie for Basler).