The Kennedy Center Honors is one of Washington D.C.'s most glamorous nights, when A-listers like Meryl Streep and Naomi Watts get to rub shoulders with the capital's finest (President Barack Obama included).

Unfortunately for the evening's honorees, winning means you get draped with a rather gaudy rainbow-striped ribbon that's, like, totally outfit-ruining. (A shame, because 2012 honoree David Letterman was looking mighty dapper last night.) Fortunately Michelle Obama gets to attend every year without donning a multicolored collar... and last night was her best Kennedy Center Honors dress yet.

FLOTUS, who sat in an opera box with her husband, glowed in a gold lamé chiffon gown from Michael Kors' Resort 2013 collection. The dress featured crystallized embellishments around the neckline and a high waist and high armholes that highlighted her upper arms -- a classic FLOTUS cut. (Also, Michael Kors again! Trend alert...)

This is Michelle's fourth Kennedy Center Honors appearance: in 2009 she wore a lavender Grecian gown, in 2010 she chose glittering burgundy velvet and in 2011 she stunned in a vivid blue Vera Wang. But we say this gold creation, worn with Moritz Glik earrings, was our favorite look yet.

Also stunning was Tina Fey, who spoke onstage in a long-sleeved gold lace dress, and Naomi Watts and Meryl Streep. Hillary Clinton and Nancy Pelosi also held their own sartorially among the Hollywood glitterati, sporting jade green and light blue respectively.

But Mrs. O literally outshined them all. Check out the stunning dress below. Are you a fan?

PHOTOS:

michelle obama 2012 kennedy center honors

michelle obama 2012 kennedy center honors

michelle obama 2012 kennedy center honors

See who else attended the swanky event!

Loading Slideshow...
  • 2012 Kennedy Center Honoree Natalia Makarova, front row, second right, reacts to all the photos being taken during a group photo after the State Department Dinner for the Kennedy Center Honors gala Saturday, Dec. 1, 2012 at the State Department in Washington. From left are former President Bill Clinton, Secretary of State Hillary Rodham Clinton, John Paul Jones, Buddy Guy, Jimmy Page, Makarova, Robert Plant, Dustin Hoffman and David Letterman. (AP Photo/Kevin Wolf) <em><strong>CORRECTION:</strong> An earlier version of this caption had an incorrect reference to the name of John Paul Jones.</em>

  • Actress Meryl Streep uses her iPhone to get a photo of her and Secretary of State Hillary Rodham Clinton following the State Department Dinner for the Kennedy Center Honors gala Saturday, Dec. 1, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • President Barack Obama, right, shakes hands with 2012 Kennedy Center Honors recipient actor and director Dustin Hoffman, center, during a reception hosted by President Barack Obama and first lady Michelle Obama for the honorees in the East Room of the White House in Washington, Sunday, Dec. 2, 2012. On the left is honoree David Letterman. (AP Photo/Manuel Balce Ceneta)

  • The 2012 Kennedy Center Honors recipients, rock band Led Zeppelin, guitarist Jimmy Page, right, and singer Robert Plant, leave a reception hosted by President Barack Obama and first lady Michelle Obama for the honorees in the East Room of the White House in Washington, Sunday, Dec. 2, 2012. (AP Photo/Manuel Balce Ceneta)

  • Kennedy Center Honoree Natalia Makarova arrives with her son, Andrei Karkar, at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • President Barack Obama, right, and first lady Michelle Obama, second from right, with the 2012 Kennedy Center Honors recipients, from left, rock band Led Zeppelin keyboardist/bassist John Paul Jones, singer Robert Plant, guitarist Jimmy Page, comedian and television host David Letterman, bluesman Buddy Guy, ballerina Natalia Makarova and actor and director Dustin Hoffman, give their applause during the Kennedy Center Honors Gala at the Kennedy Center in Washington, Sunday, Dec. 2, 2012. (AP Photo/Manuel Balce Ceneta)

  • Kennedy Center Honoree Buddy Guy arrives at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • President Barack Obama, right, and first lady Michelle Obama, second from right, with the 2012 Kennedy Center Honors recipients, ballerina Natalia Makarova, left, and actor and director Dustin Hoffman, stand as the National Anthem is played during the Kennedy Center Honors Gala at the Kennedy Center in Washington, Sunday, Dec. 2, 2012. (AP Photo/Manuel Balce Ceneta)

  • 2012 Kennedy Center Honoree David Letterman, and his wife, Regina, arrive at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Rock band Led Zeppelin, from left, keyboardist/bassist John Paul Jones, singer Robert Plant, guitarist Jimmy Page, stand as the Star Spangled Banner is played during the Kennedy Center Honors Gala at the Kennedy Center in Washington, Sunday, Dec. 2, 2012. While Led Zeppelin is being honored as a band, surviving members Jones, Page, and Plant, each received the Kennedy Center Honors. (AP Photo/Manuel Balce Ceneta)

  • Actor Alec Baldwin and wife, Hilaria, arrive at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala, Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Former Kennedy Center Honoree Robert DeNiro arrives with his wife, Grace Hightower at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Actress Tina Fey arrives at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Comedian Stephen Colbert and wife, Evelyn Colbert, arrive at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Kennedy Center Honoree Dustin Hoffman arrives with his wife, Lisa, at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Kennedy Center Honoree Buddy Guy arrives at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Preformance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Actor and director Dustin Hoffman, 2012 Kennedy Center Honors recipient, center, leaves a reception hosted by President Barack Obama and first lady Michelle Obama for the honorees in the East Room of the White House in Washington, Sunday, Dec. 2, 2012. (AP Photo/Manuel Balce Ceneta)

  • President Barack Obama, second from right, watches as 2012 Kennedy Center Honors recipient, David Letterman, second from left, kisses the hand of Natalia Makarova, left, during a reception hosted by President Barack Obama and first lady Michelle Obama for the honorees in the East Room of the White House in Washington, Sunday, Dec. 2, 2012. On the right is actor Dustin Hoffman. (AP Photo/Manuel Balce Ceneta)

  • President Barack Obama is applauded by the 2012 Kennedy Center Honors recipients, from left, rock band Led Zeppelin singer Robert Plant, guitarist Jimmy Page, and keyboardist/bassist John Paul Jones, ballerina Natalia Makarova and comedian and television host David Letterman, at the conclusion of a reception hosted by President Barack Obama and first lady Michelle Obama for the honorees in the East Room of the White House in Washington, Sunday, Dec. 2, 2012. While Led Zeppelin is being honored as a band, surviving members John Paul Jones, Jimmy Page, and Robert Plant, each received the Kennedy Center Honors. (AP Photo/Manuel Balce Ceneta)

  • President Barack Obama with the 2012 Kennedy Center Honors recipients, from left, rock band Led Zeppelin, singer Robert Plant, guitarist Jimmy Page, and keyboardist/bassist John Paul Jones, ballerina Natalia Makarova, comedian and television host David Letterman, actor and director Dustin Hoffman and bluesman Buddy Guy, speaks during a reception hosted by President Barack Obama and first lady Michelle Obama for the honorees in the East Room of the White House in Washington, Sunday, Dec. 2, 2012. While Led Zeppelin is being honored as a band, surviving members John Paul Jones, Jimmy Page, and Robert Plant, each received the Kennedy Center Honors. (AP Photo/Manuel Balce Ceneta)

  • 2012 Kennedy Center Honoree Natalia Makarova, right, congratulates fellow honoree Dustin Hoffman, second from right, as he stands with honorees Buddy Guy, left, and Robert Plant, after the State Department Dinner for the Kennedy Center Honors gala Saturday, Dec. 1, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Former President Bill Clinton and Secretary of State Hillary Rodham Clinton pose for a photo after the State Department Dinner for the Kennedy Center Honors gala Saturday, Dec. 1, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • Former President Bill Clinton and Secretary of State Hillary Rodham Clinton pose for a photo after the State Department Dinner for the Kennedy Center Honors gala Saturday, Dec. 1, 2012 at the State Department in Washington. (AP Photo/Kevin Wolf)

  • 2012 Kennedy Center Honoree Dustin Hoffman, center, arrives at the State Department with his family for the Kennedy Center Honors Gala Dinner on Saturday, Dec. 1, 2012 in Washington. (AP Photo/Kevin Wolf)

Want more? Be sure to check out HuffPost Style on Twitter, Facebook, Tumblr, Pinterest and Instagram at @HuffPostStyle.
--
Do you have a style story idea or tip? Email us at stylesubmissions@huffingtonpost.com. (PR pitches sent to this address will be ignored.)