Everyone was waiting to see what Michelle Obama would wear to the inaugural balls on Monday night, and she definitely didn't disappoint.

The First Lady, who recently made a style statement by debuting bangs, opted for a red chiffon and velvet gown. The custom-made halter dress was designed by Jason Wu, who also made her stunning white gown for the same event four years ago. She also wore Jimmy Choo shoes and jewelry by Kimberly McDonald. The President wore a tuxedo with a white tie.

The couple showed up on stage at the ball at the Walter E. Washington Convention Center holding hands, waving to the crowd, and smiling. He referred to his wife as his "better half," and they looked very much in love as they danced to Jennifer Hudson singing "Let's Stay Together."

Thousands of attendees cheered America's first couple and held their cell phones up as the twosome held each other and swayed to the music. The President said of the first lady: "She makes me a better man and a better president. I'm lucky to have her."

How romantic!

Acts such as Alicia Keys, Brad Paisley, Mana, Fun., Stevie Wonder, and Soundgarden performed at the prestigious event. Keys kicked off the event by changing the words of "Girl On Fire" to "Obama's on Fire" and singing lines such as: "Everybody know's that Michelle's his girl/Together they run the world."

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