Peekaboo effects have been seen all over the spring 2013 runways, but none quite like Marchesa's white silk fringe dress — shown on Jessica Stam, no less. We would call it a walking burlesque act if it didn't look so classy majestic paired with an elegant Victorian collar featuring milk-stone facets and white cabochons. Click on the image to get a front-row look at the thrashing tassels and embellishment.

See the complete Marchesa spring 2013 collection here.