Hawt = A late 1940's and early 1950's acronym for "Having A Wonderful Time."
Now the word is used on the internet as slang for something reeeeally hot.
There surely needs to be a new word created in honour of Cate Blanchett. An aspirational word named after this consummate red-carpet professional, who manages without fail, to nail EVERY event she attends EVERY time!! Cate Blanchett, looked stellar (or some might say, "looked so Blanchett!") in Pre Fall 2014 Valentino, at the Chopard event she attended at Cannes last week. The statuesque actress’ dramatic gown, in fifty shades of grey, had cap sleeves and beautifully intricate silver leaf details. The result was nothing short of regal... Nothing short of Blanchett.