F1 2014 - The UGLIEST F1 Cars Ever - How did this happen? (Technical Summary)

Let's take a look back to the 2014 F1 season - the low point in F1 history.
The cars changed to complicated, unreliable drivetrains with bad sound and the cars were as ugly as never before because of the new nose regulations.
How did this happen?
What did the regulations say specifically?
And how did the teams try to get an advantage from it?
Let me know which one was your favourite F1 car in 2014 in the comments below!
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