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First of all, so glamorous.

Blake Lively & Christopher Bailey: 2016 Costume Institute Gala
(Getty Images)

Second of all, that sure is a lot of fabric. Are you hiding something, Blake Lively?

Last night, Mrs. Ryan Reynolds attend the Costume Institute Gala on the arm of Burberry creative director, Christopher Bailey.

Lively wore a gown by the British label that included a corset top draped in blush pink pleated silk organza and chiffon.

Blake Lively: 2016 Costume Institute Gala
(Larry Busacca)

One could be forgiven for hoping that Lively would pull a Beyonce and show off her reported second pregnancy, since Us Weekly was told by a source in its May 2nd issue that The Shallows star would debut her bump at the gala.

Instead, she used the opportunity to drape herself in a dramatic gown, a far cry from her past looks, particularly 2014, when she and Reynolds made their debut as husband and wife (below).

Blake Lively: 2014 Costume Institute Gala
(Getty Images)

Us reported previously that Lively has been wearing "loose-fitting clothing for two months" and is "constantly touching her stomach and cradling her belly." 

It’s hard to tell if Lively is in fact with child, and if she’s only a few months along, then she might not be showing.

Lively had daughter, James in December 2014, but didn’t announce her pregnancy until a few months prior on her now-defunct website, Preserve.

PS – excellent touch placing rose petals on the cleavage.  Really well played.