Katie Holmes vs. Blake Lively — Fashion Faceoff

Celebrities are known for shelling out a lot for their wardrobes, and expecting the same from the rest of us! Remember Gwyneth Paltrow's $90 T-shirt, or Mary-Kate and Ashley Olsen's $34,000 backpack for The Row? So it's refreshing when we see someone rocking a look that the rest of us can actually afford to buy; not in some similar, yet cheaper version, but exactly the same piece of clothing that we can find at the mall today. This kind of sensible and budget-friendly style moment happened not once, but twice recently when chic actresses Katie Holmes and Blake Lively both stepped out in the same pair of skinny jeans in different colors from none other than Old Navy. The chain store's Rockstar jeans retail for just $34.50 or less, so you could almost buy three pairs for the price of one of Paltrow's T-shirts! Fashion lovers are the real winners here, but just for kicks, it's time for us to decide ... who wore it best?!

[Related: Katie Holmes says she still a Midwestern girl who likes boxed wine]

Holmes, 33, wore the body-hugging bottoms in an orangey-red with a silky ivory blouse, a classy oversized handbag, and kitten heels as she left a meeting in NYC in September. The newly single Holmes, whose divorce with Tom Cruise was final in August, has just returned to Broadway in the comedy "Dead Accounts," and continues to co-design the fashion line Holmes & Yang.

[Related: How much did Blake Lively's engagment ring cost?]

Lively, 25, is currently starring on the final season of the fashionable CW soap "Gossip Girl," and in the life of her husband of two months, Mr. Ryan Reynolds. Perhaps you've heard of him? Lively, who's also the muse of Chanel designer Karl Lagerfeld, donned her Rockstars in forest green with a short-sleeved sweater, a chain bag, towering heels, and a fedora while on her way to the NYC set of her show, also in September.

The new Mrs. Reynolds is better known for her high-fashion moments, and here again she appears effortlessly cool in her skinnies. However, Holmes makes this one a close call, looking so put together and polished! But since I'm forced to choose, I say that Lively is the winner here, for making it look as if it's so simple to be so stylish! Do you agree?

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