The Kentucky Derby brings with it so much excitement -- the parties, the betting, the race itself -- but none of that comes close to the excitement of the fashions.

Of course, the hats are the main draw -- from the fabulously funky to the terribly tacky, unique hats (for the men as well as for the ladies) are an absolute must. But one can't get away with wearing only a hat to the Derby. (Seriously. Don't try it.) When it comes to clothing, here's what you can expect:

• Classy classics -- Remember, this is a traditional Southern event, so ladies work it in ladylike suits and heels. Uptight is now sexy, you know.
  
  
• Flirty and feminine -- You'll also see loads of floral and polka dot day dresses. A swingy skirt finishes off the look.
  
  
• Give it up for the gentlemen -- We love seeing the men really get dressed. Seersucker suits and hats are ideal for the Southern gentlemen, but we're not going to complain about a stylish shirt and slacks.
  
  
• And then there, there's everyone else. As much as we love the true fashionistas of the Derby, it wouldn't be a real event without real people. In addition to the celebrities in couture, there are also plenty fashion faux pas -- exposed underwear, overly copious cleavage, undershirts as outerwear, etc. Be sure to check out the gallery for a smattering of styles -- there are celebrities, regular folks, and everything in between.