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Trend Alert! Peplums spotted on both Michelle Williams and Tina Fey at the Oscars

Tina Fey and Michelle Williams shot by by Frazer Harrison/Getty Images
From the Spring and Fall ’12 runways to the red carpet at the Academy Awards, it seems pretty clear: the peplum is in the building! Spotted tonight on both Tina Fey, in a regal looking custom-made Carolina Herrera gown, and Michelle Williams, in a tiered coral Louis Vuitton, this trend is certainly having a moment. While adding a bit of extra volume at the waist might seem a little tricky, both actresses are showcasing the look on two very different body types. So, what do you think? Will you be trying the peplum this year?
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