I donít buy into the upstaging the boss risk...my boss has an amazing plaid sport coat that he wears to our company Christmas party every year, and Iíve always envied it. Last year I got my own amazing plaid sport to wear to our Christmas party and nobody was more impressed than him. I think getting festive and buying into the fun of the event actually buys you a lot of credit with the higher ups...Heís obviously there to enjoy himself at a big event, and I think it shows support that youíre buying into the event.

That being said, why not take the purple velvet blazer and wear it with tux pants to the first party? Seems like the best of both worlds.