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Here are some WireImage photos from the L.A. Direct Magazine "Remember to Give" Holiday Party. WENN Photos.

Official website for L.A. Direct Magazine.

From the WSJ 2004:

The last time designers trained so much attention on the waist was in the 1970s, when tight jeans and pants were cinched in above the bellybutton. Since then, fashions have flirted with every part of the body: the shoulders in the '80s, as women took up the power suit; small breasts in the '90s, as minimalism gained favor; and with the new millennium, the overt sexiness of plunging necklines, rising hemlines and underwear as outerwear. As for men, most have skirted the issue altogether, by shying away from the hip-hugging styles of the past few years. But those who did embrace the low-slung look haven't been as quick to hitch their trousers back up. "Men are getting hipper, but they're still just a little bit slower" than women in following shifts in trends, says Colleen Pozzuoli, manager and buyer for Caruso Caruso, a casual-wear store in Birmingham, Mich. For Bonnie Kline, anyway, the shift has come just in time. Shopping one afternoon in Beverly Hills, Calif., the 31-year-old office manager says she is sick of all her low-waisted jeans. "This gives me a reason to restock my closet," she says.