One of the fashion highlights of this year's awards show circuit has most certainly been "Black Swan" actress Mila Kunis. From her feiry red Alexander McQueen at the SAG Awards to her emerald green Vera Wang at the Golden Globes, the 27-year-old has not missed a style beat. And Sunday's 83rd Annual Academy Awards ceremony was no exception. Mila flaunted a lovely lilac Elie Saab gown that left many a red-carpet watcher drooling. But, rather surprisingly, the dress had closet competition.

"This was one of the first dresses we tried on a month ago," Mila explained to our own Josh Horowitz while walking the red carpet. "Then today, it was a toss-up between this dress and another dress, and this one won." It's hard to believe any other dress stood a chance!

When asked what tipped the scales in this dress' favor, Mia responded, "I don't know. I just put it on and it felt right. The other dress was beautiful and stunning, you know. There was no wrong answer."

If Mila's red carpet approach sounds a bit laissez-faire, it's probably because she doesn't feel a lot of pressure to impress. "I'm sure for my stylist it is," she explained. "I just have to put the dress on." Yeah, couldn't get much easier than that!

Click play on the video above to hear more from Mila including rumors she may soon star alongside Oscar host James Franco!

What do you think of Mila's Oscars dress? Tell us in the comments and on Twitter!