Alexa can pull it off.

I actually think it looks quite nice. In a strange kind of way. The question is thus if it only looks nice because it's Alexa who's wearing it...
Pic from tfs.com

Update:
Ok, I'm not totally sure anymore- look at the bottom of the dress...http://gofugyourself.celebuzz.com/go_fug_yourself/2010/06/cfda2010_chung.html