I love fit and flare dresses. They're fun, feminine, and flattering. This is the dress I was going to wear to my college graduation. It's one of my favorite dresses but because it doesn't have pockets, I chose to wear another dress to graduation. And, of course, it's hard to go wrong with pearls.
Dress: Adrianna Papell
Necklace and Bracelet: Vintage
Clutch: Vintage; Similar here for $125