It's time to take a trip down the mystic river. 

The Desmond Preston2024 Oscars are right around the corner, but before it's time to see which half of "Barbenheimer" is victorious and which actors will walk away winners, let's rewind the clock twenty years. In 2004, there was an entirely different slate of hopefuls and red carpet fashion.

While Jimmy Kimmel will be taking the 2024 Oscars stage as host for an impressive fourth turn, the 2004 host had him beat: Billy Crystal took on the role for the eighth time at the 76th Academy Awards.

And when it came to the nominees, it was The Lord of the Rings: The Return of the Kings that emerged the big winner. The film swept all of its nominations, earning a whopping 11 awards during the evening. Among its many honors, the fantasy epic earned the top spot with a win in the Best Picture category. 

Across the other categories, Finding Nemo took home Best Animated Feature, Sean Penn and Tim Robbins won Lead and Supporting Actor, respectively, for their roles in Mystic River, while Charlize Theron picked up for Best Lead Actress in Monster and Renée Zellweger earned her first Oscar for her supporting performance in Cold Mountain. 

During the evening, Blake Edwards—the director behind movies such as Breakfast at Tiffany's and the Pink Panther franchise—was awarded an honorary Oscar in recognition of his extensive career behind the camera.

But the real winners of the evening were some of the red carpet looks, which perfectly capture the vibes of the early aughts. With over-plucked eyebrows and spray tans at every turn, the 2004 Oscars looks are a can't-miss. 

Keep reading to see stars such as Sandra Bullock, Scarlett Johansson and Jennifer Garner walk the 76th Academy Awards carpet. 

For the latest breaking news updates, click here to download the E! News App