Olivia Munn Oscar Dress Features Sideboob And A Whole Lot Of Leg (PHOTOS)

The Oscar red carpet is the place where Hollywood's finest steps out in their most elegant, demure formal wear. The after-parties, on the other hand, are where things get a little interesting. Case in point: Olivia Munn's not-so-subtle style transition.

The "Newsroom" star attended last night's Academy Awards in a billowing, regal Marchesa gown. It was beautiful, but it wasn't exactly the most convenient party look. Luckily, she had an extra dress on hand for the annual Vanity Fair Oscar Party -- if you can even call that a dress.

The Versace Atelier Couture number featured a waist-high slit, plunging neckline, sideboob and was nearly skin color. Basically, it was a couture wardrobe malfunction waiting to happen. After Olivia's Emmys look, we should have expected this. The 32-year-old wasn't alone though. Heidi Klum, Brandi Glanville and Naomie Harris all decided to throw caution into the wind last night with their ensembles.

But what do you think of Olivia's barely-there after-party look? Was it worth the risk?

PHOTOS:

See more celebs rocking high slits!

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