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03/15/2013 at 06:00 PM ET

olivia wilde 600x450 Red Carpet Trend Report: Surprising Slits, Stripes & the Waistline That Should Be RetiredFilmMagic; Splash News Online; WireImage

If you make it a habit to model your looks after what’s hot in Hollywood (we do!), you’re going to want to check out this week’s style prospectus, which breaks down the two trends on the rise (you’ve

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