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Did Jennifer Lopez Have A Nip Slip At The Oscars?

New year, new JLo wardrobe malfunction! Flanked by an equally giddy Cameron Diaz, Jennifer Lopez presented two trophies at tonight's Academy Awards--and then she gave away a couple of Oscars.

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Nipple or no nipple, Lopez and Diaz reacted to the situation adorably. Here are a few GIFs of that reaction: