Jane Fonda, 86, Just Stole the Show in Knockout Jumpsuit, Silver Waves and Bold Red Lip on Cannes Red Carpet

We need to take a moment for Fonda's Cannes glam

It may only be day one of the Cannes Film Festival, but the red carpet style is already so major.

Jane Fonda, 86, stepped out for the Second Act screening and opening ceremony on May 14 and floored everyone with her gorgeous black long-sleeve V-neck jumpsuit with floral appliqué and beading at the waist from Elie Saab.

She threw an animal-print coat over top until she arrived (for added drama, of course), and accessorized with all things silver: Pomellato high jewelry, heels and her hair. She also added a bold red lip for some extra fun.

Related: Jane Fonda Holds Hands with Granddaughter Viva, 21, as They Make Rare Red Carpet Appearance in New York City

Let's rewind to that hair, though. Fonda wore her silver locks perfectly coifed and swept to one side. She had one piece of hair strategically styled down over her eye (remember that bit of drama we previously mentioned?). The whole style — combined with her glam outfit — made for one va-va-voom appearance on the red carpet in France.

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Related: Jane Fonda Reflects on Success of Her Iconic Workout Videos as She Teams with H&M Move : 'I'm Very Proud'

The stars are out in full force in Cannes, France, already. Meryl Streep also made not just one, but two stylish appearances on May 14.

She first showed off her casual-chic style while at a photocall early in the day. The actress, who is receiving an honorary Palme d'Or this year, wore a white Michael Kors suit with a blue and white striped LilySilk shirt. She tied it all together with silver Jimmy Choo heels, Prada sunglasses and a wide-brimmed Gigi Burris hat to block out the sun.

Later in the day, she stepped out for the same red carpet as Fonda, wearing another all-white look. This one a long-sleeve Dior Haute Couture white silk dress with gathered detail at the waist. She paired it with platform heels and Fred Leighton jewels.

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