This Week's Wow: Hooray for Tom Ford's Arrival in Hollywood Tonight

In this weekly feature, InStyle’s Fashion News Director Eric Wilson shares his favorite fashion moment of the week, and explains how it could shape styles to come. Look for it on What’s Right Now every Friday.

The Moment: Tonight, dreams come true in Hollywood when Tom Ford brings his fall 2015 runway show to Los Angeles for an event that just might rival the Oscars for fabulousness. After showing in London for several years, Ford decided, why not bring the collection to L.A., since so many of his clients are there and in need of his services?

In fact, the red carpet has served as a runway for Ford for years, from his days at Gucci and Yves Saint Laurent through today with his signature label’s killer style. So in honor of Ford’s big night, let’s review a four of his greatest hits from the Academy Awards.

Why It’s a Wow: The No. 1 best look of the 2012 Oscars in my book was Gwyneth Paltrow in this amazing white cape and gown pictured above, which was one of the cleanest looks Ford’s ever shown, with just a hint of classic Hollywood thrown in. With this look, Paltrow paved the way for capes on the red carpet.

Often cited as one of the best Oscars dresses of all time, Charlize Theron (pictured below) channeled 1930s glamour in this fabulous gown in 2004, from Ford’s final collection for Gucci, with the perfect combination of accessories (Chopard’s drops with 46 diamonds), and hair and makeup, too.

PHOTOS: The Most Breathtaking Oscar Gowns

With her hair worn down naturally, Naomi Watts (pictured below) looked just right in 2002 in a Gucci dress that read slightly subversive with such high tension in its thin lacing through criss-cross straps.

Julianne Moore (pictured below) wore Ford’s emerald strapless gown for Yves Saint Laurent, with a cascade of ruffles in 2003, creating a perfect image from head to toe. The duo have formed a perfect designer-muse partnership ever since, and should she choose Ford once again for Sunday’s big event, the results are bound to be spectacular.

Learn More: Check back on instyle.com later tonight for coverage of Tom Ford’s L.A. runway extravaganza, and be sure to stay glued to your computers all weekend for non-stop coverage of fashion on Academy Awards weekend.

PHOTOS: Reese Witherspoon's Best Red Carpet Looks