Felicity_jewelsOkay, girls. Get ready to drop and stack!

No, it’s not a hot new Hollywood workout. Seems drop earrings and stack bracelets are simply all the rage on the red carpets.

Celebrities including Reese Witherspoon, Nicole Richie and LeAnn Rimes have been spotted recently doing the Drop-and-Stack. At the New York premiere of “Transamerica,” best actress buzz-bomb Felicity Huffman showed off her subtle Martin Katz platinum and four-carat diamond drop earrings ($145,000) and three stacked Martin Katz platinum and diamond bracelets ($22,000).

All of which accented the "Housewives" star’s sexy strapless navy blue Marchesa frock. No siree, nothing “Desperate” about this look.

Photo: Felicity Huffman is no cross-dresser at the New York premiere of "Transamerica"
(Jim Spellman / WireImage)