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This Year’s Oscars Gift Bags Include Sex Toys, Vaporizers, & About $200k Worth Of Swag!

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Now this how you make a gift bag!

The gift bags at the Oscars later this month are CRAZY — they are filled with nearly a quarter of a million dollars' worth of swag!

Related: Jennifer Lawrence Styles At An Oscars Luncheon!

Gift bags at award shows aren't a new thing, of course, but when it's a major award show like this, well, things become just a little bit more special!

So as Leonardo DiCaprio and Cate Blanchett and the rest of your favorite stars walk down the red carpet in a few weeks, just remember that they aren't just living the dream life in Hollywood… they're walking away with TONS of great prizes and gifts after the show!

Here's just a brief rundown of some of the stuff celebs are picking up at this year's Academy Awards, made by a group called Distinctive Assets and handed out to all nominees in the acting categories, as well as the best directors:

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Rooney Mara, Brie Larson, & Lady GaGa Are Pretty In Neutrals At The Oscars Luncheon

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We are getting so excited for the Oscars on February 28!

The Nominees Luncheon is definitely getting us in the mood, with Brie Larson, Rooney Mara, and Lady GaGa giving us a taste of what we can expect on the big day.

Related: J.Law Is Well Suited For The Oscars Luncheon

The three looked beautiful at the event in Beverly Hills Monday, and GaGa even threw on a custom Christian Siriano cream-toned gown for the occasion.

Brie and Rooney kept it less formal, but still looked fetching in an Emilia Wickstead embellished skirt and pink top with Dana Rebecca Designs rings, and a floral embroidered Giambattista Valli dress, respectively.

So much romance!

Do these neutral tones get your heart fluttering???

[Image via AP Images.]

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Eddie Redmayne & His Baby Bumpin' Wife Look Picture Perfect At The Oscars Luncheon!

Eddie Redmayne & Hannah Bagshawe

Love these two!

Eddie Redmayne hit up the 88th Oscars Nominees Luncheon with his beautiful (& pregnant!) wife Hannah Bagshawe on Monday.

The momma-to-be definitely let the Best Actor nominee take the spotlight as she concealed her barely-there baby bump while donning a navy A-line dress with multicolored detailing around the trim.

She kept everything else simple with dark pumps, understated makeup, and loose waves.

Related: Jennifer Lawrence Looks Sexy Sophisticated At Oscars Luncheon!

Meanwhile, Eddie gave us a pop of color with a lilac tie under his tailored gray two-piece suit. Very dapper!

As a nominee for the second year in a row, he's definitely got the red carpet down to a science! We guess we wouldn't expect anything less from British GQ's Best Dressed Man of 2016 — right?!

These two cuties announced Hannah's pregnancy last month, so we can't wait to see how she incorporates her growing bump at all these fancy events!

[Image via AP Images.]

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Alicia Vikander & Rachel McAdams Bring Major Leg To The Oscars Luncheon!

Alicia Vikander and Rachel McAdams attends Oscars luncheon.

So precious!

Alicia Vikander and Rachel McAdams both had the bright idea to wear flirty little frocks to the 88th Oscars Nominees Luncheon in Beverly Hills on Monday afternoon, and we're so into it!

Related: Alicia Wears All The Sequins At SAG

Don't they totally look like dolls?!

Alicia's orange skater dress was a perfect fit and went so well with her perpetually tanned skin. It seemed like she had just gotten off the plane from a trip to Bora Bora or something!

And Rachel was just as fresh and sunny in a peach mini dress adorned with round paillettes and a red bow at the jewel-encrusted neckline. Ugh, so pretty we could die!

Is the femme cuteness killing you too, Perezcious readers???

[Image via AP Images.]

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Will Smith Says Jaden Wearing Women's Clothing 'Might Have Been A Mistake' — Plus, What Does He Think About The Oscars Boycott Now?

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Will Smith may protesting the Oscars in response to their lack of minority representation — but he's still just your everyday dad!

The Concussion star made that clear when he stopped by BBC Radio 1Xtra on Monday, where he dished on everything from his parenting style and upcoming projects, to his Oscars boycott with Jada Pinkett Smith!

In the sit down, Will joked that encouraging his kids to artistically express themselves "might have been a mistake."

Video: Janet Hubert Says She 'Highly' Respects Jada On The Real!

But don't worry! The actor actually praised son Jaden Smith for modeling women's clothing in a gender-fluid ad campaign, saying the 17-year-old is "fearless" in his artistic decisions. He explained:

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