Dakota Fanning proved she's the queen of young Hollywood as she hosted the annual Nylon Young Hollywood Party at Hyde Sunset Kitchen and Cocktails in West Hollywood. The 21-year-old actress, who's the face of the May Issue of the magazine, looked every inch the cover girl rocking a slinky black dress…Adding a slight nod to old Hollywood though she styled her blonde locks in loose curls and wore a slick of red lipstick.
