I love the whole sexed-up, dirty-California look, and the fit of the dress looks pretty impeccable. I think the high-waisted pants worn underneath save it from becoming too Balmain.
The vibe of the dress makes me think of the Queens of the Stone Age video for Go With The Flow, incidentally the greatest video clip ever made:
So freaking sexy. Look out around the 00:56 second mark when they run over the bug. The poor beast's splattered body spells out 'Shynola', the name of the company who created the video.