For the perfect holiday-party outfit, throw on a shawl-collared velvet jacket in a subtle plaid over a cashmere sweater and dark jeans.
Jacket ($5,765) by Kiton. Sweater ($850) by Brioni. Jeans ($70) by Topman. Shoes ($575) by Givenchy by Riccardo Tisci.

Pair a taupe velvet sport coat with charcoal wool trousers for elevated style that will look great at the office.
Jacket ($2,120) by Louis Vuitton. Shirt ($195) by Thomas Pink. Pants ($770) by Gucci. Pocket square ($125) by Tom Ford. Tie ($125) by John Varvatos. Belt ($275) by BOSS. Shoes ($328) by Cole Haan.

A slim-fitting double-breasted velvet suit in a bold color offers rakish British-rocker appeal, especially when worn without a tie.
Suit ($6,000) and shirt ($410) by Hermès. Shoes ($770) by Pierre Hardy.

Update the classic velvet tux with modern touches like a pale-blue shirt, a patterned bow tie, and polished loafers.
Suit by Versace. Jacket ($1,875) and pants ($675) sold separately. Shirt ($545) by Giorgio Armani. Pocket square ($40) by Paul Stuart. Bow tie ($55) by Brooks Brothers. Shoes ($825) by Versace.

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How to Wear It:

1. Velvet looks great with jeans, tees, and workwear—don't treat it as something precious.

2. It's warm enough to slip on in place of a light coat in fall.

3. Keep the rest of your outfit understated: The velvet piece should be the standout.

4. Use a lint brush, a steamer, and a professional dry cleaner. Never iron or fold.

5. If your velvet gets wet, shake it dry and hang it up immediately.

Also on Details.com:
The Must-Have Velvet Accessories
The Enduring Appeal of the Waxed Jacket
Basic Instinct: The Essential Minimalist Style
The Complete Guide to Suits