While everyone eagerly anticipates the Oscars Red Carpet showdown, my own personal favorite Award Show goes on the day before. 

The Independent Spirit Awards - call it Award Show Lite. Sure it becomes a bigger circus every year (kind of like Sundance, anyone remember when Sundance was a little independent festival and not a Swag / Gift Bag / Suite Fiesta??) but it's still the most casual and laid back show, it's even in the afternoon and at the beach. 

And since we here at It's Only Fashion love seeing celebs in their most laid back every day wear, The Spirit Awards is the sort of in between.

Cocktail dresses, open toe sandals, floral sun dresses... gotta love it. 

Check out my favorites from yesterday's Red Carpet after the jump...