American Idol has crowned a new winner!

On Wednesday evening, Season 11 finalists Jessica Sanchez and Phillip Phillips shared the stage with musical guests Chaka Khan, Neil Diamond, Rihanna, Reba McEntire and judge Jennifer Lopez, before the winner was revealed.

Phillips performed "Have You Ever Seen the Rain" and "Bad Moon Rising," while Jessica performed "And I Am Telling You I'm Not Going" with original Dreamgirls star Jennifer Holiday, but after a record breaking 132 million votes, Ryan Seacrest announced that Phillips came out on top!

Last year's winner Scotty McCreery handed the former pawnshop worker his trophy, before he performed the single "Home" -- but he got so emotional he couldn't finish the song.

Congrats Philip!

It's not hard to see who the biggest star on the American Idol set is this season!

Looking 60s-chic in a white baby doll dress that was covered in pearls, and sexy black pumps with diamond accents, Jennifer Lopez showed off her perfect legs while she commanded her very large team at the Idol studios in Hollywood, on Wednesday afternoon.

Meanwhile her new boytoy Casper Smart, who "centers everything on Jennifer," according to People mag, was busy chatting away with Lopez's fellow judge Randy Jackson.

While the two have only been an item for six months, Smart has reportedly shacked up at the singer's Hidden Hills mansion, which she also shares with her 4-year-old twins Max and Emme.

Think recent ex-hubby Marc Anthony is cool with that?

It's a battle of the metallics!

Steven Tyler looked a bit of a mess in his silver suit and piles of jewelry for his judging gig on American Idol Wednesday night, but Jennifer Lopez stole the show in a sexy cropped metallic top with black diamond detail, skintight pants and sexy maroon pumps!

Is it just us, or is La Lopez the best-dressed judge in American Idol history thus far?

The Aerosmith frontman might need to hire J. Lo's stylist, because his seventies-inspired bell-bottoms were pretty close to embarrassing!

Of course Lopez's new boy-toy Casper Smart was on hand to entertain his ladylove in between breaks, and he was even seen following the singer into her trailer after the show -- Ooh la la!

Which Idol judge rocked metallics best?

Jane Carrey, an American Idol hopeful and the daughter of actor Jim Carrey, was eliminated from the Fox competition show Wednesday night.

Carrey, who performed Creedence Clearwater Revival's "Looking Out My Back Door," seemed very confident before hitting the stage saying, "My expectations of this week are that I'll stay here, so get used to me!"

However, after singing, the San Diego native wasn't thrilled with her own performance telling the cameras:

"I freaked out when I was there so I was really really shaky. I know I can do way better than that so I'm really disappointed."

In case you missed it, see Jane's performance in the video below. Are you surprised she was cut?

Also on last night's show ... one of the contestants falls off the stage. AI's Executive Producer Simon Lythgoe can be seeing calling for a medic. Yikes! Click thru to see video of the scary fall.

Following in the footsteps of her American Idol colleague Scotty McCreery, Lauren Alaina forget the words to a portion of the "Star Spangled Banner" while performing at the Detroit Lions/Green Bay Packers game. However, the blonde cutie recovered well.

After singing the line, "What so proudly we hailed at the twilight's ...," the country star went silent for a few notes ... but then picked back up. Whew!

Alaina later Tweeted:

"I'm not a robot. I have No excuses. I messed up. You know what can ya do. At least didn't fall down again. Thank you everyone for the kind words. But the truth is I messed up. I'm gonna spend the rest of the day being thankful for all my blessings."

As for Scotty McCreery's "Star Spangled" mess-up, it happened at the World Series back in October. Even Christina Aguilera botched the lyrics to the song at the Super Bowl.

It happens to the best of them!

With 122 million votes, Scott McCreery is the new American Idol, as decided by fans of the talent competition show Wednesday night.

"Never in my wildest dreams [did I think I'd win]. I've got to thank the Lord first, he got me here. Thank y'all so much!" McCreery, 17, told host Ryan Seacrest after his win was announced.

The North Carolina native performed "I Love You This Big" after he was named the winner over runner-up Lauren Alaina, 16.

The win came as no surprise for judge Steven Tyler who told McCreery, "You've come a long way. n the beginning we were worried about your range and you proved it right there again. You take your chances, you ran with it and you nailed it again."

Simon Fuller, founder of XIX Entertainment and creator of global sensation American Idol, received the 2,441st star on the Hollywood Walk of Fame on Monday.

The star studded event (he's responsible for launching countless successful careers) was held in front of the W hotel, and attendees included: Jennifer Lopez and hubby Marc Anthony, Victoria Beckham (Fuller created the Spice Girls), and Idol winner Carrie Underwood, who told the honoree after he won, "You deserve this more than anyone I know."

Fuller gushed at the ceremony after receiving his honor: "Whenever I see that star, I won't see my name, I'll see all names of the people I've worked (with) and all those amazing artists and people that have helped me achieve this stuff."

Congrats!

Bono is working on securing a performance with his bandmate The Edge for the season finale episode of American Idol, according to Page Six.

The U2 frontman is reportedly asking to play a few of their songs from the musical Spider-Man: Turn Off the Dark. Bono is also negotiating for the play's stars to join him on stage.

An insider tells Page Six:

"They are talking to Fox about how it would work. Ideally, Bono and The Edge would perform and be joined onstage by the 'Spider-Man' cast. If everyone agrees, with millions watching, it could be great for the production."

The Spider-Man production has been plagued with drama ... including injuries to a few cast members during rehearsals. Find out when the play will open to the public ... after the jump.