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James Franco was one busy guy at last night's Oscars. In addition to being co-host and a Best Actor nominee at the 83rd Annual Academy Awards, he still managed to keep up on his tweeting! James (pictured) tweeted throughout the Oscar ceremony, including sharing backstage pictures and videos of himself and his partner in crime, Anne Hathaway (in one posted clip, she gives him a hand massage! http://say.ly/VWaa8b.) We especially liked the photo the "127 Hours" star took of himself on the stage of the Kodak Theatre "From the stage #OSCARSREALTIME http://say.ly/kjpa7g" as well as video of him waiting in the wings as Sandra Bullock introduced him during the Best Actor category, "http://say.ly/VWaa8b."

But James wasn't the only one who didn't get to take home the gold. A gracious and funny Mark Ruffalo ("The Kids Are All Right") used his Twitter to tell followers he was, "Happy to be a beautiful loser!" and even tweeted the Best Supporting Actor acceptance speech he didn't get the chance to use. While Leonardo DiCaprio didn't get to attend this year's Oscars as a nominee, his film "Inception" did get some love from the Academy, which prompted the actor to write from his page, "Congrats to the #Inception team for the 4 wins! Well done. #oscars"

Check out the rest of the today's best Tinseltown tweets, including Lea Michele and Jenna Dewan living it up at Madonna's post-Oscars bash! Follow us @hollywoodcrush to get even more celebrity and pop culture news around the clock!

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Tags 127 hours, Anne Hathaway, Inception, James Franco, Jenna Dewan, Lea Michele, Leonardo DiCaprio, Madonna, Mark Ruffalo, Oscars, Oscars 2011, Sandra Bullock, The Kids Are All Right, The Twitter Nation, Tweet Dreams, Twitter

Remember that time James Franco dressed in drag as Marilyn Monroe? Or when Kirk Douglas totally (adorably) took over the Kodak Theatre stage? Or how about Melissa Leo's accidental F-bomb during her acceptance speech (ear muffs, kids!)? Say what you will about the 83rd Annual Academy Awards, but it certainly boasted its fair share of memorable moments. Though we still have plenty of red carpet interviews to roll out over the next week (meaning the Oscars aren't quite over yet), let's look back at the night that was.

We started our ceremony coverage with a splendid two-hour red carpet live stream hosted by MTV News' Josh Horowitz. In addition to being licked by Russell Brand (seriously, it happened), Josh got plenty of stars to spill scoops, including "True Grit" actress Hailee Steinfeld, who told us she'd met with "Hunger Games" producer Gary Ross; Amy Adams, who dished about working with Kristen Stewart during "On the Road" production and Mila Kunis, who told us all about her stunning lavender Elie Saab (she almost didn't wear it in favor of another dress!).

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Tags Anne Hathaway, Hailee Steinfeld, James Franco, Justin Bieber, Mila Kunis, Oscars, Oscars 2011, Selena Gomez, Twilight

You probably know The Hillywood Show (a.k.a. the sister production team of Hannah and Hilly Hindi) best for their imaginative musical "Twilight" parodies (Lady Gaga meets Edward Cullen! Bella Swan rocks out in leather pants!), but the duo are tackling a new set of bloodsuckers this time around: Mystic Falls' own Damon and Stefan Salvatore. But in even more meta fashion than usual, these aren't the Damon and Stefan you're used to.

In fact, those aren't the brothers' names at all. The parody begins with "Damien" and "Steven" (Salvatore doppelgangers—clever) sitting in a dentist office waiting for their check-up. How else do we discover these aren't the "Vampire Diaries" hunks we know and love? They watch "Glee." Yep, Steven is anxious about his appointment because he watched that laughing-gas-hallucination episode (that reminds us...where has John Stamos been?). Anyway, when they finally get called for their cleaning, it's by a scrubs-clad hygienist who looks an awful lot like Nina Dobrev. And that's where the fun begins.

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Tags The Hillywood Show, Vampire Diaries

We've already doled out accolades to the lovely ladies of Oscars 2011 (seriously, Mila, you're our new goddess of glamor), but now it's time we show a little love to the fine, fine men of Hollywood.

There were plenty of guys worth drooling over at last night's fete. We totally "liked" the men of "The Social Network," including Armie Hammer, Justin Timberlake and Andrew Garfield, in their tuxes while "Chuck"'s Zachary Levi looked dashing in his black-tie get-up (sooo much better than a Buy More uniform!). Jake Gyllenhaal opted for clothes last night (what a shame!), looking as handsome as ever. And how could we forget Oscar host James Franco, who before donning a bright pink gown, was all sophisticated suave in his penguin suit.

Now, I would never want to prejudice the voting by revealing who my undying love goes to (hint: his name begins with "Armie" and ends with "Hubba Hubba"), so let me just add that you should continue reading after the jump to cast your ballot for Oscars' hunkiest man! (And if we left off your favorite looker, be sure to tell us in the comments!)

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Tags Andrew Garfield, Armie Hammer, Jake Gyllenhaal, James Franco, Justin Timberlake, Oscars, Oscars 2011, Zachary Levi

They weren't award-nominated, but that didn't stop Selena Gomez and Justin Bieber from having the time of their lives during last night's Oscar celebrations. The two were front and center at the Vanity Fair afterparty, decked to the nines in Dolce&Gabbana (can we talk about how the two color-coordinated down to Justin's red pocket square?) and resolving any lingering confusion about the status of their romantic relationship. Photographers snapped the couple holding hands and looking deliriously happy on the red carpet—and then caught them again in a private moment as they sat together and giggled over an unseen something on Justin's phone.

Our guess: They were watching the unedited footage of Melissa Leo's acceptance speech.

Of course, Justin and Selena weren't the only ones out and about on the post-show party circuit; click on the photo above to check out our gallery of gorgeous celebrity snaps, including Zoe Saldana, Jessica Biel, Cameron Diaz, Chris Colfer and Gerard Butler, and a charming group photo of beautiful blondies Emma Stone, Taylor Swift and Gwyneth Paltrow. Plus, a whole lot more.

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Tags Justin Bieber, Oscars, Oscars 2011, Photo, Selena Gomez, Video

We'll admit there were some disappointing moments during last night's 83rd Annual Academy Awards (we would have really loved to see "True Grit" star Hailee Steinfeld take home the Best Supporting Actress Oscar!), but there were lots of reasons we're glad we tuned in for Hollywood's biggest night too.

From "Black Swan" actress Natalie Portman's oh-so-sweet acceptance speech to "Twilight" and "Harry Potter" getting auto-tuned, here's a rundown of our favorite moments from the 2011 Oscars:

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Tags Alec Baldwin, Anne Hathaway, Benjamin Millepied, Black Swan, Darren Aronofsky, Eclipse, Emma Watson, Hailee Steinfeld, Harry Potter, Harry Potter and the Deathly Hallows, Inception, James Franco, Justin Timblerlake, Mandy Moore, Mila Kunis, Natalie Portman, Oscars, Oscars 2011, Robert Pattinson, Rupert Grint, Tangled, Taylor Lautner, The Social Network, Toy Story 3, True Grit, Twilight, Zachary Levi

"True Grit" star Hailee Steinfeld (easily my fave young Hollywood newcomer this year) may not have brought home the Oscar for Best Supporting Actress, but she was happy to dish on her post-ceremony career plans—which, if you're a fangirl of YA dystopian lit, might be even more exciting than Hailee being nominated for a gold statuette.

After much speculation (including reports Hailee had previously met with "Hunger Games" producer Nina Jacobson), she confirmed that she has met with director Gary Ross to discuss the much-coveted role of Katniss Everdeen. And while nothing's official, she did say that she's very much still in the running:

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Tags Hailee Steinfeld, Hunger Games, Oscars, Oscars 2011, Video

The last couple of months have had no shortage of awards shows, but they were all a lead-up to the biggest night of them all: the 83rd Annual Academy Awards. We had been looking forward to the Oscars for awhile now, not only because we wanted to find out which films would win, but because it's the night celebs don their very best on the red carpet. That means the gowns are more dramatic, the jewelry is more expensive (at least we'd like to think so!) and the hairstyles are even more sky-high (hello, Reese's ponytail!).

Luckily, we weren't disappointed. Rodarte, Marchesa and Chanel were all in attendance and they all looked phenomenal (to be fair, so did the actresses who were them!). While the designers varied, the trends were pretty noticeable. The carpet was flooded with sequins that left us dazzled, lace that showed just the right amount of skin and lots of nude and lipstick red dresses!

Keep reading to find out who made the cut on our best dressed list for Oscars 2011!

Click on the photo above to see our entire Oscars 2011 red carpet flipbook!

If Natalie Portman is vying for the best-dressed mommy-to-be, she definitely has our vote. Natalie arrived in a deep purple gown by Rodarte which she paired with Tiffany jewels. The dress was perfect, and the hair (she parted most of it to one-side) was just as great. Of course, co-star Mila Kunis was nothing short of stunning herself in a breathtakingly beautiful lavender dress by Elie Saab. We loved the lace detail, her loose bun and eye-catching earrings.

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Tags Anne Hathaway, Blue Valentine, Gwyneth, Hailee Steinfeld, Halle Berry, Hilary Swank, Julia Roberts, Michelle Williams, Mila Kunis, Natalie Portman, Oscars 2011, Penelope Cruz, Photo, Sandra Bullock, Scarlett Johansson

One of the fashion highlights of this year's awards show circuit has most certainly been "Black Swan" actress Mila Kunis. From her feiry red Alexander McQueen at the SAG Awards to her emerald green Vera Wang at the Golden Globes, the 27-year-old has not missed a style beat. And Sunday's 83rd Annual Academy Awards ceremony was no exception. Mila flaunted a lovely lilac Elie Saab gown that left many a red-carpet watcher drooling. But, rather surprisingly, the dress had closet competition.

"This was one of the first dresses we tried on a month ago," Mila explained to our own Josh Horowitz while walking the red carpet. "Then today, it was a toss-up between this dress and another dress, and this one won." It's hard to believe any other dress stood a chance!

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Tags Mila Kunis, Oscars, Oscars 2011, Video

Even though the "Twilight" and "Harry Potter" movies aren't exactly Oscar bait, and even though the casts thereof were notably not in attendance at tonight's 83rd Annual Academy Awards, fans of the wizard-and-vampire genres still had a good reason to tune in for the broadcast: a highly anticipated, majorly hyped musical moment about halfway through the show. GAH, the excitement! What could it be?!

Well, tune in we did—sticking it out through seven acts of chatter, back-patting and James Franco in a magenta dress to see it. And while Robert Pattinson didn't show up (sorry girls, we know you're disappointed), what did happen was something even more extraordinary.

And by "extraordinary," we mean "T-Pain would have LOVED this."

Yep, you heard us right: In the absence of so many of our favorite celebs, the producers of tonight's awards made up for it by giving us homemade music videos—courtesy of some creatively-clipped dialogue and a LOT of auto-tune—for blockbuster movies including "Eclipse," "Harry Potter and the Deathly Hallows," "The Social Network" and "Toy Story 3."

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Tags Eclipse, Harry Potter, Harry Potter and the Deathly Hallows, Oscars, Oscars 2011, The Social Network, Toy Story 3, Twilight, Video