Met Gala 2012: Red Carpet Fashion From All The Stars! (PHOTOS)

05/07/2012 06:46 pm ET | Updated May 08, 2012

The Met Gala is often called fashion's Oscars, but honestly, we think it's bigger than that. Where else do you get every major Oscar star and fashion's most powerful names all together on one red carpet?

At the Metropolitan Museum of Art, of course, where Anna Wintour, Miuccia Prada and Carey Mulligan are welcoming the most glamorous stars on Earth at tonight's Costume Institute's annual ball. This year, fashion's finest are celebrating Prada as well as Elsa Schiaparelli, who together comprise the Costume Institute's new exhibition, "Impossible Conversations."

So who's showing up to fete Prada, Schiap and all of fashion's finest? See our continually updated slideshow for all the red carpet glam. Vote on your favorite look of the night, follow HuffPostStyle on Twitter for live-tweeting throughout the night and check out Stylelist's picks for best-dressed of the night here and worst-dressed here.

2012 Met Gala Arrivals

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CONVERSATIONS