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Our favorite “Material Girl” was spotted at the Annual Venice Film Festival yesterday, looking like her old self from the 1980s!

PHOTOS: Madonna’s Weekly Birthday Dopeness!

We love this look on Madge because it recalled a time when she had (she still does to a degree) the world in her hands and censors were catching fades.

At the premiere of W.E., Madonna wore a red butterfly embellished dress, accessorized by red glitter Miu Miu sunglasses and matching lipstick. Her dress was made by Vionnet.

The overall look was classic Madonna. Doesn’t she look like she was having a blast??

More of the incredible Madonna in our gallery above!