U.S. President Barack Obama, First Lady Michelle Obama and their daughters Sasha and Malia (R), pose with children as they attend the Christmas in Washington concert at the National Building Museum in Washington Dec. 9, 2012. Reuters

It's the most wonderful time of the year, especially if you love dressing up. Christmas and New Year's Eve festivities are the perfect opportunity to wear something flashy and stand out in a crowd of tipsy partygoers. Think bright colors, revealing styles, bold sequins and soft silks. Below are our favorite trends for holiday clothes that will win over all the naughty and nice people you're hoping to impress this year.

LBD: The Little Black Dress is a classic because it can put in long hours at a variety of events, ensuring that you don't need a closet full of cocktail dresses to look good. But there's no need to be boring about it. This dress shows off your shoulders with a bit of lace for extra sex appeal. A little sheerness never hurt anyone. This eyelet dress shows off your legs and figure. A bralette dress is strictly for New Year's Eve; don't wear it to that work party. This dress, however, can be worn anywhere, and you'll look good in it.

Romantic: Have a special date with your bae coming up? A pale pink dress will surely catch his or her eye. A floral pattern signals spring is almost on the way. Ruffles compliment your neckline. Embrace tulle with this glorious strapless dress. A wide skirt teams up with lace to make a great party dress.

Bold Red: This long dress with the perfect slit will show off your legs and keep you warm. This animal print dress will help you feel feisty all night long. A bandage dress has plenty of allure. This dress makes us feel like an old-fashioned movie star. If your bank account can stand it, this Zac Posen dress will make you the belle of the ball.

Party Gold: This fit and flare dress is cute but not too revealing. This dress looks like a little disco ball, and we can dig it. Gold lace is surprisingly demure.

Understated Glamor: Blue polka dots are fun, but respectful. An elegant beaded waist quietly demands attention. A feather print is playful and professional enough for a work party. A special belt and bold colors make this dress a must have.

Sequins: This Baroque-print sequined sheath dress is ready to party. This dress is the definition of vixen. Long and shiny is also a good option.