Christmas Dress Conundrum

I made a Christmas dress way back in 2010 from Colette Pattern's Crepe dress but I'm dying to make something new to wear for this holiday season.


It's cute and still fits but I'd like to have more than one dress for all of my holiday events.


I snagged this red fabric with black velvet polka dots for 50% off clearance price at JoAnn's and it'd be great for the holidays with some green accessories.


My initial thought was for a circle skirt. It's not super fancy but I know it'd get loads of wear in my wardrobe.


But then I remembered that I had this great pattern from 1951 that I almost made for Promaballoona/Costume College 2012. It's not exactly the most practical for winter but here in Ohio it doesn't get that cold in December (plus that's what coats are for.

So I need your help deciding. Circle skirt? Or dress?