The hours are counting down and we can hardly wait until MTV‘s yearly red carpet extravaganza begins! The Video Music Awards start tonight at 8 p.m. EDT, with the red carpet coverage beginning at 7 p.m. EDT. And we already know there’s going to be a lot of amazing things to look out for: MTV has constructed the world’s first three-story red carpet, for one. Rihanna also just debuted a super-short pixie cut, according to People. We also heard that the Fab Five will be making an appearance. We can already tell it’s not going to be your average red carpet event, rivaling Beyoncé‘s bump reveal, Katy Perry’s quadruple wardrobe change, Justin Bieber’s glasses phase, Lady Gaga‘s Jo Calderone and more from last year. Tune in tonight and check back here on InStyle.com while you watch for all the real-time red carpet coverage you can handle!

Plus, get a quick recap of last year’s memorable moments below!

2011 VMAs

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This Year’s Performers
See This Year’s Nominees
Britney’s VMA Style History