Aside from the obvious who won what, the talk of the town was Zooey Deschanel and SHOCK HORROR! Her new hair cut. (Team MyDaily is still coming to terms with the fact that the best fringe on TV is no more). Still, the New Girl star looked as beautiful as ever in a beaded Valentino gown paired with her curled crop.
Lily Collins also got our vote for best dressed in a very sparkly Zuhair Murad gown and the cutest couple on the red carpet? Probably Miranda Kerr (she looked stunning in a draped, bottle-green gown) and Orlando Bloom (is he trying to grow a beard?)
Rosie Huntington-Whiteley brought back the choker and toughened up her blush pink gown with a studded clutch.
Natalie Portman and her husband Benjamin Millepied also skipped the Oscars and headed straight to the after-party (sensible), while Kate Bosworth braved a mini dress and looked super cute with her braided updo and hot pink pout.
Here's more from the Vanity Fair party below: