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The internet is buzzing this morning about the dress Jennifer Lopez wore to the Oscars and the close call she had with a nip slip while she and Cameron Diaz were presenting the award for Best Costume Design.

JLo was wearing a Zuhair Murad couture gown with a plunging neckline and cut-out sleeves. Her stylist assured a number of inquiring reporters that the custom gown was equipped with built-in cups that would prevented any slips while she presented at the Hollywood and Highland Center.

The rep said afterward, “The dress fit perfectly to every inch. While the dress did give the illusion of sheerness, the joke’s on everyone who wishes they saw something!”

Check out the photos and video below of Jennifer and Cameron Diaz presenting. We don’t see the wardrobe malfunction everyone is talking about…How about you?

Photo Credit: Adriana M Barraza-WENN