Friday night was hot in Hollywood as Teen Vogue threw their eighth annual Young Hollywood Party. The svelte Kelly Osbourne looked amazing, along with the always chic Lauren Conrad, Lo Bosworth and others.

The evening included a MICHAEL Michael Kors first ever fashion show, debuting the Fall/Holiday 2010 Collections. Guests were treated to a special performance by Fitz & The Tantrums and DJing by TV personality Alexa Chung.

Check out pictures from inside the event!

Enter to win the gift bag! Michael Kors designed an exclusive, custom-made evening clutch just for the Teen Vogue Young Hollywood Party, and now you can win it -- plus the party gift bag full of amazing loot!

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