I believe this is what is colloquially known as WORKING IT:

All the spectators seem to agree. No one can resist a cape! Even a wee one. I guess we DO have to thank Gwyneth for something, after all.

PS: Big shout-out to Red Carpet Fashion Awards for the ID of the brands; I was going crazy trying to figure them out. MIXING LABELS LIKE A NORMAL PERSON. You go, Heather Graham.

[Photo: Pacific Coast News]