Trending: Cutout Frocks At The Elle Style Awards

Blake Lively, Emma Watson, and Alexa Chung at the 2011 Elle Style Awards in London on Feb. 14.
Photo: Getty Images

Blake Lively, Emma Watson, and Alexa Chung all made the cut (literally) for the 2011 Elle Style Awards held in London last night. All three trendsetters rocked dresses with risque—but not too scandalous—cutout details. Gossip Girl Blake's bold blue Emilio Pucci layered dress, which she wore with magenta Christian Louboutin heels, featured two sternum peepholes. Meanwhile, actress Emma Watson wore a sleeveless/side cutout Hakaan minidress with nearly matching Christian Louboutin pumps and an arm full of gold bracelets. And British fashion host Alexa Chung stepped out in a conservative below-the-knee blue print Yves Saint Laurent dress, which was slashed to reveal a bit of her belly.

+ Whose slasher dress style do you like most?