Style Superstar: Taylor Swift Is Luscious In Leather

It's been quiet on the fashion front this week, as Hollywood's finest join the rest of the world in the proud and honorable early January tradition of not leaving the house if you can possibly help it. But on New Year's Eve, the stars were definitely out—particularly in New York and L.A., where the bi-coastal "Dick Clark's New Year's Rockin' Eve" celebration was in full swing despite having lost its marvelous namesake earlier this year. (Miss you, Dickie!) And when it comes to choosing a Style Superstar, it was easy to spot this week's winner seeing "Red" on stage.

Yep, that's right: It's Taylor Swift who takes the honors, with all the props for this decidedly sexy shift from her usual ultra-feminine girly gowns. (Not that we don't love those, too, but it's always nice to see Taylor do something a little more daring.) The singer was fabulously —and warmly!—clad in head-to-toe leather for her main-stage performance in Times Square, complete with a red jacket that looks to be made from the same stuff as Judy Garland's ruby slippers from "The Wizard of Oz"...and that we really, really want to steal for ourselves.

Meanwhile, the evening's West Coast host was eye-catching in a whole 'nother way: Fergie was front and center for the Los Angeles leg of the "Rockin' Eve," in a glitzy gold dress with enormous puffed sleeves. But while we love a good metallic party look as much as the next girl, this one drops the ball in a not-so-great-way. The super-tight topknot, the too-tight bodice, the talon-like manicure, and the enormous sleeves are too much all together, Ferg. Perhaps a resolution to take a less-is-more approach in 2013?

What do you think of this week's best- and worst-dressed?