Tom Cruise, Katie Holmes, David and Victoria Beckham, George Clooney, Julia Roberts at 2008 Costume Institute Gala

Update: See the red carpet person by person below, or to check them all out at once just click here!

Just about everyone who is anyone put on their finest and strutted down the red carpet at last night's Costume Institute Gala at the Met in NYC. It did not disappoint! From Tom and Katie to the Olsens to J Lo to Clooney — once again, it proved to be the most fabulous guest list of the year. The theme of the night was "Superheroes: Fashion and Fantasy" which was also the theme of the exhibit unveiled and left the designers a lot of room to play when dressing their celebrities of choice.

I think the most fun theme-appropriate dress has to go to Christina Ricci while Diane Kruger's playful number was an all around favorite. Other highlights of course include Tom Cruise and a playful, colorful Katie Holmes and the always glamorous Beckhams. Scarlett flashed her new engagement ring on the arms of Dolce & Gabbana. Of course, love seeing the Olsens — both in Diane von Furstenberg, but two totally different looks. The hosts of the night were Julia Roberts and George Clooney, though while Danny Moder stayed at home Sarah Larson was happily on her man's arm. With a guest list of that magnitude, how much fun! Oh to be a fly on that wall — we can't wait to hear what went down inside the party!

Check out all of Fab and Bella's coverage of the red carpet favorites, too!