Karl Lagerfeld is officially ahead of the Oscar fashion pack!

Herr Karl scored a possible Oscar nominee placement for Chanel by dressing Keira Knightley in one of his Fall/Winter ’08 couture gowns for her appearance today at the Venice Film Festival. Her new film, "Atonement," also starring James McAvoy, opened the fest.

It’s worth noting that the strapless pink chiffon dress had been altered slightly: The runway version had long sparkly sleeves that turned into fingerless gloves, a sparkly helmet-hood and a white fur shoulder wrap. It looks way better the way Keira wore it. 

Also expected to be modeling designer gowns during the fest: Charlize Theron (Dior, perhaps?), Cate Blanchett (Maybe Armani?) and Angelina Jolie (I’m betting vintage). If she makes it out of Iraq safely, that is. And without adopting another orphan or two while she’s there.

Can’t you just hear her ‘splaining that to Brad: "Honey, it was either Shiite or Sunni. It was too hard to decide, so I just took ’em both."

Photo credit: WireImage

Posted by:Elizabeth Snead