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Where has all the suspense gone? As expected, Vanity Fair drew an enviable guest list to its post-Oscar bash at Morton’s Sunday night, with the restaurant and tent teeming with types who don’t need last names: Madonna and Guy, Naomi and Nicole, Gwyneth, Gwen, Oprah, Leo TomKat and J.Lo. But as on the red carpet earlier, it seemed as though the entire room had taken a giant quaalude. There was no run-in between Tom Cruise, his new wife, his ex-wife and his old flame, Penélope Cruz — and the star hookups seemed few and far between. There were plenty of boys on the prowl, including Gael García Bernal, Diego Luna and James McAvoy, as well as single girls aplenty, like Cameron Diaz, Emmy Rossum, Kirsten Dunst and Natalie Portman, but the matchmaking vibe was barely thrumming. At least the Motown soundtrack kept everyone up. In the darkened vine-covered bar room, Madonna and Cruz sang along to “Stop! In the Name of Love.”

By night’s end, Naomi Watts looked so tired she was practically one with the sectional. But at least one first-timer wasn’t ready to call it quits just yet. As she strolled around at midnight hand-in-hand with Chris Klein, Ginnifer Goodwin gasped, “Oh, it’s going to be a great night. I’m ready for some fun.” As was a devilish Meryl Streep, who donned Prada for the awards show — the actress asked Miuccia herself to help create an ensemble for her. The two women met in New York a month ago, and the finishing touches of Streep’s silk outfit were made this week in L.A., completing the actress’ ironic comment on the whole fashion thing.

Over at the Hollywood and Highland Center, the Governors Ball was a veritable statuette fest as winners such as Helen Mirren, Forest Whitaker and Martin Scorsese stopped in. Meanwhile, at the Pacific Design Center, Sir Elton John held his annual viewing party for his AIDS foundation, which this year was cosponsored by Chopard and raised $4.2 million. Zac Posen was basking in having dressed Paltrow for the red carpet. “It feels amazing to build a dress for the American princess,” he gushed, sitting next to Dita Von Teese and Eve.

This story first appeared in the February 27, 2007 issue of WWD.  Subscribe Today.

Nearby, Jon Bon Jovi chatted up a Dior-clad Sharon Stone who, despite being a loyal Elton John AIDS Foundation supporter, might have been in a better mood if she’d stayed home. “I prefer to be in my living room in my pajamas heckling with my friends,” she said as the awards telecast played. Sheryl Crow, Kiefer Sutherland, Naomi Campbell, Kid Rock and Mario Testino also attended the formal affair, along with Victoria Beckham, who was making use of her famous friends. “Oh, are you taking drink orders,” she joked with Sean Combs. “Will you bring them on a silver tray?” No surprise he didn’t oblige, but it wasn’t from lack of energy. Combs was in for the long haul, not calling it a night, he said, “until I get on the plane tomorrow morning.”

And he kept his word, hitting Prince’s after-after-after Oscar party at Teddy’s, which also drew Maggie Gyllenhaal and Peter Sarsgaard, Ryan Gosling, Josh Hartnett and Sean Penn. The exclusive affair went until 6 a.m.

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