A: They're fantastic, especially the styles embellished with beads, sequins, and other glamorous stuff. You do have to watch your proportions: Full skirts of any length are fine with flats; so are dressy cigarette pants (very Mad Men). But wide-leg trousers or pencil skirts look dumpy with them unless you're exceptionally tall. You can always start the party in heels—and take along flats for dancing.
Parties are more fun if your feet are happy. Chic options:
From top: Sequined flats; Ann Taylor, $89; Silk satin with feathers; Tibi, $374; Teeny heels; Oscar de la Renta, $680; Glittery sandals; Jimmy Choo, $1,250