Cheltenham Festival: Zara Phillips

It's like clockwork: every year, March comes around, Cheltenham pops up on the calendar, and mad hatters can anticipate an appearance from our favorite non-princess princess, Zara Phillips. And while I think fedora hats on the whole are a little costume-y, I like this one on Zara.

...especially when you compare it with the only hat competition in this photo -- that frightening Yankees sock cap in the background. Yikes!