It's flattering and a more slimming look than the extra thickness leggings would add under a skirt or dress -- the only way some schools want them to be worn.

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In 1998, under his brilliant leadership, LTCM performed so horridly that it required a Federal Reserve-managed bailout, in a dress rehearsal for the government bailouts 10 years later.

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Not that they haven't thought about this: The cardinals are in "choir dress" during the voting, which has translucent lace sleeves under a short red cape, making sleight-of-hand tricks much harder.

CNN: How secure is the papal election?