Tina Fey and Michelle Williams were two of the best dressed stars at the Academy Awards, and what did their gorgeous gowns have in common? Peplums! What's a peplum, you ask? It's a flared piece of fabric that creates an exaggerated hourglass shape. Peplums are super trendy right now and popping up on everything from blouses to dresses to skirts. Here are seven of our favorite peplum pieces that will look just as amazing in real life as they do on the red carpet...