The hottest young stars in Hollywood were out in Santa Monica last night to celebrate the 2012 Film Independent Spirit Awards and the best in film this year.

OK! GALLERY: GOLDEN GLOBES 2012 RED CARPET TRENDS: POPS OF COLOR, JEWEL TONES AND BLACK

Coming out on top at this year's ceremony were The Artist, The Descendants' Shailene Woodley and My Week With Marilyn's Michelle Williams and many more.

OK! GALLERY: TOP FEMALE FASHIONS AT THE 2012 GOLDEN GLOBES AWARDS: MICHELLE WILLAMS, EMMA STONE AND MORE

Other stars out for the event that kicks off Oscars weekend were Elizabeth Olsen, Zac Efron, Matt Bomer, Kate Beckinsale, Busy Phillips, Kirsten Dunst, Ian Somerhalder and so many more.

Who are you rooting for at tonight's Academy Awards?