Hathaway, styled by Rachel Zoe, pulled off look after look with ease, seeming as comfortable in a heavy strapless gown as a tux.
With her wide smile, harlequin eyes and infectious enthusiasm, she sort of reminded us of a student council president or head cheerleader, if that girl had access to the best closet around.
On the red carpet: The actress arrived on the red carpet in a scarlet Valentino archival gown with matching red lips and nails.
The opening segments: The "Love & Other Drugs" star slipped into an embroidered ivory princess gown from Givenchy Haute Couture.
With co-host James Franco in drag: The Jersey girl added custom Brian Atwood pumps to her Lanvin tux.
The Hollywood princess: Hathaway looked like she walked out of a fairy tale in a gray Vivienne Westwood corseted couture gown with embroidered lace and sequins that was custom-made for her.
The Oscars climax: Hathaway shimmied in a disco-style gold fringed gown by Oscar de la Renta and looked electric in an off-the-shoulder cobalt custom satin dress from Armani Privé Couture. And we adored the strapless burgundy beaded gown from Atelier Versace.
Finale with children's choir: Ending on a high note, she wore a Tom Ford gunmetal lace and crystal long-sleeve gown.
And don't even get us started on the hair.
It seems like Anne Hathaway can do no wrong, but she actually isn't good at everything. Watch our partner video below to find out some of Anne's flaws.