And the best part was that not only did it look stunning -- but it still fits!
"I'm upcycling this dress -- I wore this dress for the first time to Vanity Fair in 2004,” she told ET’s Keltie Knight. “And, we very rarely get a dress gifted to us. Badgley Mischka made this dress for me. Back then, I was in Sea Biscuit, which was a big Oscar nominee, and they gave it to me and I recently moved and found it in the back of the closet.”
“And it still fits!” she continued. “So, I’m wearing it on the carpet tonight. Very excited to be wearing a dress, recycling a dress from 16 years ago.”
Banks earlier teased the deep red outfit with a post showing her hair and makeup for the glam event. "Wait until I tell you the story of this dress," she wrote. "Thank you for making me feel so lovely heading to @vanityfair to watch the @theacademy #oscars 2020."
She then followed up with a post showing the plunging dress and explaining the importance of sustainability in the fashion world.
"It’s gorgeous and it fits…so why not wear it again?! Banks captioned a slideshow on Instagram which showed both her 2004 and 2020 versions of the look. "Proud to wear my @badgleymischka dress that I first wore to @vanityfair #oscars party in 2004, re-imagined with @wendiandnicole, to bring global awareness to the importance of sustainability in fashion and consumerism as it relates to climate change, production & consumption, ocean pollution, labor & women,"
"And thrilled to partner again with @radvocacy in support of @nsifashion2030, which helps brands draw down their carbon use and achieve measurable sustainability targets. #radvocacy #repurposed #academyawards with a side of @jeffgoldblum (swipe to see original!)," the Hunger Games actress continued.