VIDEO : The Best of the 2016 Grammys: Selena Gomez Admits Major Misunderstanding

Spirits are high at the Staples Center! And why wouldn't they be? It's not every day all of music's biggest stars come together for the 58th Annual Grammy Awards . Everyone from Gwen Stefani to Kendrick Lamar to Taylor Swift came out to honor, well, themselves. And while the main goal of the evening is to present the awards and watch the sure-to-be-groundbreaking performances, more than a few stars had to stop by the red carpet to chat first. And chat they did. E's own Ryan Seacrest and Giuliana Rancic got the musical A-listers talking. Selena Gomez admitted that the material in The Big Short was confusing--even for the people in it. She said,"At first I didn't even know what I was saying!"