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Though the Metropolitan Museum's annual Costume Gala is considered by most to be the Oscars of the fashion world, the truth of the matter is that no one really focuses on the clothes. What really matters is which celebrities show up to WEAR the clothes and, of course, whether or not they're lookin' good. That said, all eyes were entirely focused on the recently friction-laden, reportedly squabbling super-duo of Team Cruise and Team Beckham, who reunited once again for the cameras. And despite the gushing show of admiration and respect that the Beckhams demonstrated for the the Hubbard-lovers on yesterday's Oprah, both Holmes and Beckham were allegedly competing for the spotlight last night. And in the end? The girl with the higher-slit dress tends to win every time. More photos from the event, including our picks for the best and most horrific looks of the night, after the jump.

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Call it a magic moment, call it a completely forced photo opp, but the Cruises and Beckhams did briefly pose on the carpet before entering the Gala. And though Victoria certainly didn't look happy about it, her nipples sure did.

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Amidst the sea of designer gowns, we thought Eva Longoria's dramatic ruffle-adorned number was most impressive. Busy and over the top maybe, but her petite little body suddenly looked voluptuous and the midnight purple color was the perfect choice.

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Thandie Newton usually kills on the carpet, so we were baffled to see her in this very Madonna circa 1995 S&M lingerie-esque ensemble. And poor Mischa Barton, possibly still smarting from those unflattering balcony bikini pictures, chose a shapeless dress that was boring on the bottom, modern Bride of Frankenstein on the top.

[Photo credits: Getty, Wireimage, Daily Mail]