1422Jennifer Lopez Nipple Slip / Wardrobe Malfunction at the 2012 Oscars? | TMZ.com

Jennifer Lopez Nipple Slip / Wardrobe Malfunction at the 2012 Oscars? | TMZ.com [EXTRACT]

Jennifer Lopez and Cameron Diaz presented a pair of awards at the Oscars and they may have been joined on stage ... by JLo's areola.

The debate is raging on Twitter ... was it a nip slip? Maybe a shadow? Watch the clip and tell us ...

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