This is awful, truly, truly awful. It looks like some two-bit designer's attempt at doing "couture", or some student designed interpretation of the whole Versace aesthetic.
I hate to rain on the parade here, and far be it from me to tell people what to like, but I really have to wonder how many of the people praising it can remember back to the time before Versace stopped showing couture. That stuff was tacky as hell at times, but it looked as expensive as it was. This....is glorified prom gear, for the most part.