Oscar's Red Carpet Hits & Misses

Check out past style hits worthy of Academy Award gold on Hollywood's biggest night – and the fashions that flopped.

NOT-SO-BASIC BLACK

Cameron Diaz is a fashion risk-taker – and she did not disappoint red-carpet watchers at 2000's Oscars. The former model showed off her runway-ready figure in this barely-there lace Versace frock. If you've got it, when is a better time to flaunt it than on Oscar night?