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Oscar gowns: Fab 5 of last 15 years

It’s Oscars! On Hollywood’s biggest night of the year, let’s face it — the gowns sparkle as brightly as the stars who wear them.

Penelop Cruz at the 2007 Oscars

Although the next-day the water cooler buzz is typically, “Can you believe she actually wore that,” chances are the talk also includes discussions of the elegant, stunning and unforgettable top Oscar gowns.

Here’s a look at our favorite gowns of the recent past:

Penelope Cruz, 2007

As Penelope Cruz walked the red carpet in 2007, she turned a lot of heads with this neutral colored gown full of pomp, circumstance and yes — feathers.

Since it’s so bold, not every star in Tinseltown could pull off the unique strapless gown.

But, Cruz wears it with flair and pinache.

Although Cruz would not take the Oscar stage to become an Academy Award-winner until the 2009 show, her golden touch with Oscar dresses has always been impeccable.

Michelle Williams, 2006

Michelle Williams and Heath Ledger at the 2006 Oscars

Considering not everyone can wear yellow, Michelle Williams gets props for wearing this Vera Wang dress in 2006.

Williams channels old school Hollywood glam with the fitted bottice and not to mention her perfect make-up, scarlet lipstick and all.

Plus, she had given birth to daughter Matilda three months prior to the Academy Awards.

Here she is with Matilda’s daddy, Heath Ledger at the 2006 Oscars where Ledger’s Brokeback Mountain was upset by Crash.

Up next…our favorite Hollywood Jennifer, Gwyneth and…?

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