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What does it actually mean to dress like a million bucks? Paris Hilton should know. The Hilton hotels heiress and socialite has never exactly led The Simple Life, not when it comes to fashion anyhow. So it makes sense that she’d be the one in the news for an out-of-this-world, crazy expensive outfit.

The former Guess model and renowned fashionista sported designer August Getty’s Million Dollar Dress recently, proving that she’s still got it.

Hilton put the look together to accept the Fragrance of the Year award for her Gold Rush scent at the third annual Hollywood Beauty Awards on Sunday, but she wasn’t the first to wear this gorgeous dress. That honour goes to Gigi Gorgeous, who rocked it on the red carpet of the Sunday Film Festival premiere of This Is Everything: Gigi Gorgeous.

To be fair, the Million Dollar Dress doesn’t actually cost a million bucks. It’s worth more than a quarter of a million though, thanks to about 500,000 bedazzled Swarovski crystals costing something to the tune of $270,000.

And yes, for those keeping track that’s roughly the cost of a house — or at least it is in the States these days. It’s chump change for Hilton though; her dogs’ mansion cost $325,000. We can only imagine some of the other things she’s dropped big bucks on over the years. It’s also important to note that she didn’t actually pay to have this dressed made — who knows if she even paid to wear it. We’d say Getty is getting his fair share of publicity from the frock these days too.

Besides, it’s actually a relief that more than one red carpet goer is wearing it; at least it isn’t hanging up to collect dust in a fashion museum somewhere. The dress is way too pretty. Plus it took five people more than two months to make and more than six months of technical design to execute… work like that needs to be taken out on the town, people.

Swarovski crystals and all.