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Bethenny, Rachael Ray, Scott Disick Share Worst Style Blunders

What was Bethenny Frankel's biggest fashion disaster ever?

"The camel toe, seersucker one-shoulder jumpsuit that I wore to the Kentucky Derby — but I still did love it!" Frankel, 39, admitted to on Wednesday's black carpet for the 25 Most Stylish New Yorkers party at Lavo in NYC.

Related: PHOTOS: Go inside the bash with Us!

Fellow honoree Katie Couric's worst outfit ever was "featured in Us Weekly," the CBS Evening News anchor told Us about a "Grecian style" number she wore to the 2009 Mamma Mia premiere. "It didn't work, and you guys told me so."

(Rachael Ray still can't let go of her super-raggedy, but beloved "men's Adidas sweat pants.")

Scott Disick's biggest flub was much, much more subtle: "Wearing a suit and then a button breaking," Kourtney Kardashian's beau told Us. "Not a fan."

Related: PHOTOS: Check out all the stars on the carpet

Celebs arriving for the big bash also admitted to some astonishing splurges — like host and Most Stylish New Yorker 2010 Mary J. Blige, who says she dropped $80,000 on a mid-length sable fur coat!

Related: PHOTOS: Celebs descend upon NYC for Fashion Week

Guests weren't afraid to offer some style advice to fashion-challenged stars. Heidi Montag's "coochie cutters" "aren't working for her," says one local personality. Stylish winner Kristin Chenoweth "loves" Britney Spears — just not her fashion. "[She] needs to be more age appropriate," Chenoweth tells Us.

See what all the stars and honorees had to say at Wednesday's huge bash in this exclusive video. Watch now!

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