For this holiday season there's nothing more elegant and retro looking than a velvet suit or jacket. Reaching its peak in the late 60s and 70s, every stylish man owned at least one velvet jacket, from the rock stars to Hollywood. In recent years velvet has made a comeback and can be seen in the latest Gucci collection among others.
Shown below is Jack Nicholson with then wife Angelica Huston attending the Cannes Film Festival in the mid 70s. Despite the fact that this photo was taken in May, Jack managed to pull off the velvet suit perfectly. Angelica is wearing an off the shoulder dress, which seems to have made a comeback recently too.
I would recommend two looks using Velvet for this season, one would be the black velvet suit with a more discreet necktie or a skinny tie (some slippers would be ideal); and the other one would be a black velvet jacket paired with a white shirt and a good pair of jeans.