Is there anything more dramatic than a red cape? Absolutely not!

And as Kathie Lee proved on TODAY Wednesday, there is also nothing more fun. Hoda just had to see her co-anchor do a twirl and show it off.
The best part is, you can own this Adrianna Papell dress for less than $200! The stand-out piece also comes in plus size and would be perfect for an upcoming holiday party.
It even reminds us of (arguably) the best red carpet look of the year: Lupita Nyong'o's jaw-dropping Golden Globes dress by Ralph Lauren.

More style tips from TODAY: Tamron's Tuesday Trends: How to wear winter white like a pro