'Harry Potter's' Emma Watson Dazzles at the Oscar Awards 2014, Flashes Thong in Metallic Dress [PHOTOS]

The 86th Academy Awards has officially kicked off at the Dolby Theatre in Hollywood. With Hollywood's hottest and most talented stars on the red carpet, it's hard to keep the attention of the crowd. Yet, "Harry Potter's" Emma Watson certainly didn't break a sweat to catch the attention of the crowd with her metallic dress which ironically flashed her thong.

The Hogwarts alumnus wore a dazzling metallic outfit by Vera Wang. Emma accessorized the floor length gown with silver rings and clutch. The former face of Lancôme didn't wear too much make up but played her looks with striking red lipstick. As for her hair, the brunette beauty took inspiration from "Twilights'" Kristen Stewart where she played it up in a messy side half braid.

While Emma's look was enough to capture the attention of the press, Mirror UK claims that the "Bling Ring's" star's outfit had flashed her thong. Well, Emma looked "Thong-tastic" even if she did manage to flash the press.

Watson is set to present the awards along with a few other Hollywood stars, Benedict Cumberbatch, Jennifer Lawrence and Joseph Gordon Levitt. Check out the slideshow to see more photos of the lovely Emma Watson.

In other Emma Watson related news, the actress's latest film "Noah" is set to hit theatres this month. She's also set to star in a thriller film directed by Alejandro Amenabar. As for "Beauty & the Beast" directed by Guillermo Del Toro, the film is set to be produced this year.

‘Holding an Oscar is very much like holding Harry Potter’s wand. It’s magical’

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Filmmaker Malcolm Clarke confirms there was something a bit surreal about waking up in a Los Angeles hotel room after a night of partying, with an Oscar on the bedside table.

“He was squinting at me a bit,” says Clarke. “It’s been a while since I’ve had a man in my room. And he’s naked, too.”

Montreal-based Clarke directed the film The Lady in Number 6: Music Saved My Life, which won the Oscar Sunday night in the best short documentary category.

This was Clarke’s second Oscar win and third nomination; he won for You Don’t Have to Die in 1989 and was nominated in the best-feature-documentary category in 2003 for Prisoner of Paradise. He says there’s still a learning curve at No. 2. “Well, we didn’t want to jinx things, so [producer] Nicholas Reed and I decided not to write up a speech in advance. That was crazy. When they called our names and I was walking up onto stage, my knees turned to jelly. I have no recollection of what I said. I’ll have to go to YouTube to see my speech.”The film delves into the memories of Alice Herz Sommer who, at 110, was the oldest living Holocaust survivor. She died but one week prior to Oscar night, as Clarke mentioned in his acceptance speech.

After making a speech, Oscar winners are hurried backstage, and there, Clarke says, you watch as the metal plate with your name engraved is screwed onto the Oscar by a technician. “I guess they do that to maintain secrecy about who won.”

Clarke says after the ceremony ended, he and Reed went to the main party, but they couldn’t take the other members of the Lady in Number 6 filmmaking team, as only those with Oscars can attend. “We spent some time there, but then went over to the Vanity Fair party,” he says. “And we were able to get everyone from our team in. You can’t really get in there unless you’re a star or holding an Oscar. Holding an Oscar is very much like holding Harry Potter’s wand. It’s magical. The seas part for you. And I had a nice chat with John Travolta.”

Attitudes toward documentary filmmaking have changed quite radically since Clarke accepted his first Oscar in ’89. “Back then, there was this movement in the academy to drop the documentary categories altogether. Amazing to think that, but there was. Documentaries didn’t make money and people tended to think of them as filler for TV. So when I accepted that Oscar I was thanking the academy for keeping the categories in place.”

Now, he says, “documentaries have become far more ubiquitous. In a way, they’ve become more democratic, because the equipment is cheaper and they are easier to distribute online. But it’s much harder to make money from them now. The funding pie is split in 1,000 different pieces. They are much harder to monetize.”