This is the dress that Michelle Obama wore to a yesterday's state dinner with Felipe Calderon. Larry Auster wrote about it here - be sure to read all of the comments, they are amusing.
From the dress' "fabric" (I put fabric in quotes because it looks like it's made out of plastic), the single strap (the dress probably would have looked less ugly with no straps), its sword and sandal B-movie look, and her black ghetto bitch scowl, to the fact that her cleavage appears to start at her collarbone, her entire appearance is repulsive.
I don't have a problem with women wearing cleavage-revealing dresses to formal events. Women have been wearing cleavage- or bosom-baring dresses for centuries, but in the past, they looked nice while doing so. Modern American women seem to be incapable of making such a dress look elegant, a word which few American women seem to know the meaning of. Younger women end up looking like sluts and middle-aged women end up looking ridiculous. Michelle Obama looks like the Nubian Queen in a direct-to-DVD sequel to Clash of the Titans.
Since the elite loves Michelle Obama, more women will probably attempt to copy her "fashion."