Panty & Stocking with Garterbelt: Stocking Anarchy 04
Stocking's angel outfit appears to be inspired from lolita fashion. In her angel form, she wears a white corset-like dress with blue hearts, a blue ribbon on her head, blue and white stockings, and light gray heels.
Quite a difference from her usual black lolita dress in her “normal” mode, isn’t it? Another stunning cosplay by Yukino! Please do visit her Deviant Art account for more of her photos!