Though you might associate tassels with stuffy furniture trimmings and graduation caps, these slinky ornaments are swiftly becoming one of the season's most important fashion accents! Spotted swishing down the S/S 11 runways at Gucci, Sonia Rykiel, and Louis Vuitton and adorning stylesetters like Blake Lively, Giovanna Battaglia, and Gwyneth Paltrow, these flirty, decorative embellishments are clearly having a moment. And what's not to love? Not only are tassels incredibly versatile--they can be worn as earrings, dangle from your handbag, or lace up your shoes--they also bring a playful energy to your wardrobe basics. Even better: you can find them in array of exciting colours, from shocking neon hues to warm neutral tones, making them an easy-to-wear accent that everyone can enjoy! Accordingly, today's Micro Trend is filled with inspiring ways to incorporate a hint of fringe into your everyday looks. Hope you enjoy!

One of the things we like best about this microtrend is that a little goes a long way; even the smallest tassel embellishment on your shoes is enough to give your look a visually intriguing finish. For example, Blake Lively was snapped at a Chanel dinner in Paris last month wearing Christian Louboutin's Salsbourg Metallic Leather Strappy Sandals ($1095), which totally elevated her overall look. The blonde bombshell was ravishing in a shimmering couture mini dress from Chanel's S/S 08 collection, but it was her white and gold tasseled footwear that really caught our attention. We like how the subtle leather fringe accents further accentuated the elegant and luxurious feel of her sequined frock. (On a side note: if you can't splurge on her exact shoes, Jeffrey Campbell's Mary Lou Tassel Wedges ($124) and Dolce Vita's Greta Pumps ($169) are some more budget-friendly options you don't want to miss.) Of course we're also fans of more playful interpretations, similar to those seen on the Christian Dior S/S 11 runway. John Galliano sent out an array of high-rise heels splashed with energetic colours and laced up with braided chords and tassels, like the Tahiti Sandals ($1200, 800.929.DIOR) featured today. The mix of textures and neon hues are certainly noteworthy, making this shoe a ridiculously fun evening option. If you're interested in seeing a similar show-stopping style, Vena Cava's Ankle-Tie Platform Sandals ($328) are an amazing option that are sure to turn heads.

Whether they're dangling from a necklace or hanging from your ears, one of the easiest ways to incorporate tassels into your look is with jewellery. We are particularly pleased with the way Giovanna Battaglia used an Eddie Borgo necklace with a teal tassel from the F/W 11 collection to liven up her all-noir ensemble--specifically a Marco de Vincenzo jacket and Dolce & Gabbana skirt--at a cocktail party for Sergio Rossi in Paris last month. The simple pop of colour is eye-catching, making it the clear focal point of her outfit. Gwyneth Paltrow, on the other hand, constructed a standout look with the help of a pair of bright pink earrings. The Wilfredo Rosado shoulder-grazing, feather-tasseled earrings give her look a hint of textural intrigue, not to mention they're perfect in keeping with the season's '70s disco trend. In addition to these exact pieces, we are also currently coveting River Island's Owl Tassel Necklace ($24), Maison Scotch's Leather Tassel Necklace ($27), and Mercurial's Tassel Earrings ($218). Of course, if you're not one for statement jewellery, you can always go for an embellished hat instead! We happen to be over the moon for Sonia Rykiel's Hat with Pompons and Pearls ($650, 212.396.3060), which features long silk chords, multi-coloured beads and burnt-orange tassels. A tassel hat is a bit quirky, but a great piece to have on hand if you're lounging by a pool or attending a music festival, so be sure to check out Juicy Couture's darling Floppy Tassel Hat ($78) today.

Tassel belts are an excellent way to give your spring basics an updated look, and happily, there are a variety of styles to choose from! One of our favourites is a simple skinny version, like the rope tassel belts seen at Chris Benz. In the look featured above, the belt--which was wrapped around twice before being tied in a casual knot--is used to accentuate the waist between the designer's Short Sleeve Polo Shirt ($595) and Rhoda Skirt ($895, 877.551.7257). We think a slim tassel belt is a charming substitute for a typical leather belt, but if you're looking to punctuate your ensemble with a more prominent piece, go for a wide Obi-style belt like Gucci's Belt with Tassel and Dark Bamboo ($990). The bold presence of a thick belt will work well with all your '70s-inspired pieces--especially a slinky jumpsuit. Need some must-buy belt suggestions? Glad you asked! 3.1 Phillip Lim's Tassel Belt ($375), B-Low The Belt's Tassel Belt ($195), and Felix Ray's Ottoman Belt ($175) are all great options if you fancy the slimmer style, or you can try B-Low The Belt's Wide Tassel Belt ($195) if you prefer a thicker waist-cincher!

Now bags with tassel accents have been around for a while, but this season, we're suckers for Louis Vuitton's modern take on the trend. Marc Jacobs accessorized his elaborate designs with long-strap shoulder bags and multi-coloured clutches adorned with swishing pieces of fringe. We were most intrigued by the intricate rhinestone detailing and intriguing shapes, like the spherical Crystals Minaudiere ($35500, 800.VUITTON) shown above and the mini octagon-shaped Bijou Brode Minaudiere ($3936, 800.VUITTON) that Caroline Sieber was spotted carrying at the Parisian fashion house's F/W 11 show last month. If you are also a fan of these untraditional bag shapes, you'll definitely want to check out Fiorelli's Wakiki Bag ($36) and Barnes' Tassel Clutch ($450). Of course classic styles, like Nasty Gal's Chelsea Bucket Bag ($58) and Diane von Furstenberg's Harper Tasseled Suede Clutch ($450) are also a great way to work a hint of fringe into your look.--Jessica Baker

Photos of Blake Lively and Gwyneth Paltrow, courtesy of Getty; Photo of Giovanna Battaglia, courtesy of Billy Farrell Agency; Photo of Caroline Sieber, courtesy of Splash; Louis Vuitton runway photo, courtesy of Louis Vuitton; Christian Dior runway photo, courtesy of Imax Tree; Chris Benz, Gucci, and Sonia Rykiel runway photos, courtesy of First View