The Best Accessory on the Oscars Red Carpet Is Whoopi Goldberg's Octopus Ring-Bracelet Thing

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Whoopi Goldberg has just descended upon the Oscars red carpet with an accessory that is actually more eye-catching than Giuliana Rancic's obvious product placement smartwatch. Is it a ring? Is it a bracelet? Is that a crabapple-sized pearl??

It's definitely an octopus, and I am here for it.

Photo: Kevin Mazur/WireImage