The Costume Institute Gala, known as the Met Ball, is an annual ball celebrating the opening of the Metropolitan Museum’s fashion exhibit. In easier terms, the Met Gala is known as the “Fashion Academy Awards” or the “Oscars of the East Coast.” The event is hosted by Vogue magazine and its notorious editor-in-chief, Anna Wintour. In attendance of yesterday evening’s Met Gala 2012 included Wintour and other celebrities such Beyonce and even Tim Tebow! On the fashion red carpet, anyone is welcome. Take a look at these stars dressing to impress. Don’t be alarmed, in a room where art and fashion excellence is admired, prepare to see many extravagant and exaggerated looks.