As Craig Ferguson accepted his Academy Award for Best Documentary, he began his speech with the line, “Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong.” The room loudly applauded, with the camera cutting to shots of our favourite celebrities proudly nodding along with this statement, powerfully acknowledging how outraged they feel at their nation's current economic crisis. A little ironic, right, considering that the privately funded Oscars spend about $42,000 on just champagne and that each guest attending receives a gift bag valued to around $75,000. Is Hollywood really about the art anymore, or is the main focus of the entertainment industry's biggest night really just a chance for some of the most attention-seeking stars to show-off their lavish lifestyles?
One of the best way celebrities can flaunt their stardom is on the red carpet. Today, Oscar "pre-show" coverage interviewing dressed up stars on the red carpet lasts almost as long as the dragged out awards themselves (by the end of it, if I had to hear "who are you wearing?" one more time, I swear I was going to pick up the remote and switch to the Raptors' game). But this year, I paid a little closer attention to what my favourite stars were wearing, because unbeknowst to most, what you were wear to the Oscars says a lot more about you than just who your favourite designer is.