(1 of 10) The Best Little Black Dresses There are few things that women of every age, taste, and style can agree on: The importance of owning a great little black dress is among them. Perfect for parties and formal occasions of every sort, LBDs are a favorite of social butterflies and designers alike. To help figure out which frock is right for you, review our list of the most flattering and fashionable silhouettes around. Ladylike & Long-sleeved Women of a certain age—that is to say, those who have developed a sophisticated sense of fashion—will prefer a more subdued LBD. Versions with long sheer sleeves, like the kind of dress preferred by Demi Moore, allow for an elegantly sensual look. 3.1 Phillip Lim, $427.