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No matter how tiny you are, or how much of a model figure you've got, this look is not for you. Leggings are a bit iffy anyway. I tend to only wear them with a skirt or dress, rather than actual pants.
Even if you feel a bit bloated, the way to go is to wear something fitted. Not necessarily tight, but definitely something well-tailored that actually fits your body.
Come on, people! Just because you see something in a magazine once and think it's trendy doesn't mean that it'll look good on you!