The hottest look of the summer is slowly but surely turning out to be the off-the-shoulder top, and we kind of love the one Katie Holmes wore to an event in New York City this week.

Katie's black Michael Kors top is a little ruffled, a little sheer, and the perfect night-out top for the rest of summer and early fall. While Katie paired her off-the-shoulder look with sleek plack pants, we can easily see this kind of top with a pencil skirt or jeans, for a dressed up or down look.

While we do love Michael Kors, we're bigger fans of a good steal, and found this similar Zara top for a fraction of the designer price. The flowy v-neck allows for more arm coverage, but is still a little sexy and shoulder-revealing. At under $100, you can't beat the price -- we'll be snapping one up ASAP.