Glittery sequins, flowing gowns, sparkling jewels and sleek tuxedos — Oscar night fashion kicks black-tie dressing up to a whole new level.

The global spotlight on the Academy Awards means the world is watching and will instantly pounce on whether that vintage sartorial selection is to die for or that risky avant-garde ensemble should be headed for a dumpster.

Will stars make a stylish splash as Penelope Cruz did with her feathery Atelier Versace gown in 2007 or cause international head-scratching à la Bjork's swan dress in 2001?

Check out the attached photo gallery showcasing the most eye-catching outfits at this year's Oscars and cast your vote: stylish hit or miss?