Photo credit: Demis Maryannakis/SplashNewsOnline.com

If the Gossip you’ve heard is that Blake Lively is a girl who knows her fashion, you can bet the rumors are true!

No doubt the outfit shown here is a pretty fantastic combo of elegant-meets-rocker-girl-glam, but don’t let the leather leggings discourage you; if you sub out the cow pants for cotton, this is a great outfit for day that you can easily take with you to happy hour. If you dress it up with some snazzy, sparkly accessories, I dare say you might be able to sport this look all the way past the dinner hour.

So how do you do like lady Lively? Read on!

Blake’s jacket is by SMYTHE and available at shopbop for $550. If you’re looking for something a little less spendy, you might take a look at these boyfriend blazers, instead:

Definitely a "Necessary Object!"

This very similar boyfriend jacket from Necessary Objects retails for $58 at Nordstrom:

Or you might be interested in Banana Republic’s version for $130. It’s a little more streamlined and a tad more grown-up-ish than the jr’s version pictured.

Want to take the plunge into some hot, hot, hot leather leggings? Alice + Olivia makes a pair that makes me swoon. These babies go for $698.

But as luck would have it, Victoria’s Secret has a remarkably adorable pair ON SALE NOW AT BESO for $208.

Viva Victoria's Secret Sales!

But if leather ain’t your bag, there is plenty you can do with a tried-and-true pair of black cotton leggings, instead. Take this pair from Juicy, for example:

She's got Juicy Couture legs and knows how to use them!

Cute, comfy and very, very versatile.

Pair with a lightweight white tee shirt, and  some killer black high heels (boots would work, too!) like either of these:

These Jessica Simpson heels go with almost anything

So do these awesome black Pelle Moda heels...

All you need now is the perfect pewter clutch, like this sleek and simple wristlet from Tianni)…

Shine on! Tianni Metallic Wristlet

…and you have a look everyone will gossip about for ages (in a good way)!