According to Stylesight.com, "Velvet gains momentum as a versatile day-to-day fabric. Typically used for eveningwear, this extravagant fabric is broadening into classifications for all markets. Its subtle sheen in rich jewel tones and plush hand results in a luxurious touch for apparel and footwear. Smooth or flocked velvet paired with silk, cotton or chiffon creates tactile interest".

And although not fashion, art or interior, I couldn't resist throwing in a Red Velvet Cupcake for dessert!