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20 Charlize Theron, June 2008 Getty Images At the Hancock premiere in London Charlize Theron rocks the red carpet in a peplum black dress with a sky-high slit.

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And while there's an emerging field of study behind all this, there's also the good ol'-fashioned look at public perception

How to Put Medals on Dress Blues (Coast Guard) Full-medals or ribbons are worn during formal events, such as military balls or ceremonial functions

Since graduation isnt an entirely formal event, its best to stick with hues that are not too bright and not too dull

Your little man will look dashing wearing it with jeans or a suit and tie