Alicia Vikander, Olivia Munn and More Stars Hit the Red Carpet at Oscars 2016: See All the Fashion Police Hits and Misses

It's that time again!

The stars were definitely in it to win it tonight on the red carpet at the 88th Annual Academy Awards in a bevy of gorgeous and breathtaking gowns.

Alicia Vikander pulled out all the stops in an exquisite Louis Vuitton number that was reminiscent of Belle in Disney's Beauty and the Beast. Certified fashionista Olivia Munn also kept our jaws glued to the floor in a spectacular neon number by Stella McCartney. Hello, best-dressed beauties!

In contrast, Whoopi Goldberg landed herself on the worst-dressed list in a lackluster black dress, and Heidi Klum also disappointed in an over-the-top Marchesa gown with excessive flower embellishments. Womp, womp...

Check out the gallery below to get the full Fashion Police ruling on all the hits and misses at the 2016 Oscars!

Watch E!'s live 2016 Oscars red carpet coverage starting at 1:30p.m. ET/10:30a.m. PT on Sunday, February 28th