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2012 Oscars: Fashion Police

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Michael Buckner/Getty Images

Caped Fashionista

And the statue for boldest look of this year's Academy Award goes to—drumroll, please—Gwyneth Paltrow. Granted, a superhero cape isn't as scandalous as a swan dress or rosette boobs, but still it took chutzpah for the actress to wear this caped Tom Ford gown (accessorized with a diamond cuff and a simple ponytail. Leave it to Gwynnie to go totally out of the box but totally pull it off.