Though you won't have to put your minimalist minis and second-skin dresses into storage anytime soon, the latest look for cocktail frocks involves a little flair. We're not talking about rows of ruffles or embellishments galore, but rather a single, short overskirt that instantly adds a little glamour or drama to any piece: the peplum! Check out this sophisticated silhouette that is back in the spotlight and already on track to be a major trend.