Naomi Watts might have a banging post-baby body. She also might be the epitome of laid back Australian beauty (sorry, Nicole Kidman). But none of that mattered when she donned this Zac Posen gown for Vanity Fair's Oscar party.

She channeled Daryl Hannah's mermaid look from Splash -- and we don't mean that in a nice way. While we normally love Naomi's sense of style, this was one red carpet moment gone wrong.

The fit and color aren't terribly flattering on her. And aside from that, we -- Can't. Stop. Staring. -- at her boobs. The darkened fabric there draws our eyes straight to them. That combined with the fishy pattern of the material means we might as well just slap a red wig on her, call her Ariel and she'll be almost human again!