Every week we choose an accessory we've spotted on a celebrity which we're obsessing over.

Last Week: Olivia Palermo's tribal necklace

This Week: Shailene Woodley

Where: "The Spectacular Now" screening in Los Angeles

Accessory We're Coveting: H.O.W.L. dreamcatcher necklace

Why We Want It: It takes us back to our childhood days when we would hang dreamcatchers above our beds.

Earlier this week "The Descendants" actress made headlines for going barefoot on the red carpet (the horror!) and wearing an elegant all-black ensemble that revealed a hint of her tummy.

But the standout (to us, at least) was the "Divergent" star's dreamy H.O.W.L. (Handle Only With Love) dreamcatcher necklace.

Not only does the accessory give us major nostalgia but it's a unique statement piece that holds its own against the understated dress.

Dreamcatchers, which are traditionally a Native American symbol for unity and protection, became trendy back in the '90s but it seems as if they are once again becoming popular.

In an interview with Live Fast magazine, the creators behind H.O.W.L. revealed what inspired them to turn dreamcatchers into necklaces:

"We [both] have very similar beliefs to what the Native Americans did along with all of the ancient cultures and tribes of the world. We happened to stumble upon the dreamcatcher and a deep fascination sparked."

Check out H.O.W.L.'s Facebook page here.

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  • Shailene Woodley

    LOS ANGELES, CA - JULY 30: Actress Shailene Woodley attends the screening of A24's 'The Spectacular Now' at the Vista Theatre on July 30, 2013 in Los Angeles, California. (Photo by Jason Kempin/Getty Images)

  • Shailene Woodley

    LOS ANGELES, CA - JULY 30: Actress Shailene Woodley attends the screening of A24's 'The Spectacular Now' at the Vista Theatre on July 30, 2013 in Los Angeles, California. (Photo by Jason Kempin/Getty Images)

  • Shailene Woodley

    LOS ANGELES, CA - JULY 30: Actress Shailene Woodley arrives to a screening of A24's 'The Spectacular Now' at the Vista Theatre on July 30, 2013 in Los Angeles, California. (Photo by Alberto E. Rodriguez/Getty Images)

  • Olivia Palermo

    Socialite Olivia Palermo attends The Cinema Society & Bally screening of Summit Entertainment's 'Red 2' at the Museum of Modern Art on July 16, 2013 in New York City. (Photo by Jim Spellman/WireImage)

  • Olivia Palermo

    Olivia Palermo attend The Cinema Society and Bally host a screening of Summit Entertainment's 'Red 2' at MOMA on July 16, 2013 in New York City. (Photo by Andrew H. Walker/Getty Images)

  • NEXT: Celebs Wearing Statement Necklaces

  • Jessica Biel

    The star radiated at Cannes 2013 with this awesome snake-like necklace.

  • Demi Lovato

    The singer added a dangling necklace to her all-black ensemble.

  • Claire Danes

    The actress donned a tribal necklace to the TIME 100 event.

  • Bella Thorne

    She went funky at a light-hearted Disney event.

  • Zhang Ziyi

    Her beaded collar necklace adds just the right touch.

  • Melissa McCarthy

    The funny lady wore a series of long necklaces to the MTV Movie Awards.

  • Beth Stern

    The wife of Howard packed a punch with this rosy statement.

  • Olivia Palermo

    The style star went ethnic at an event.

  • Guiliana Rancic

    Her cute flower-accented necklace is a great attention piece.

  • Rihanna

    The singer added to her simple white dress with a Cleopatra-style gold choker.

  • Emma Stone

    She wore a red-jeweled necklace to an event in January 2013.

  • Nicki Minaj

    The singer wore this necklace to the 40th Anniversary American Music Awards in November 2012.

  • Rashida Jones

    She matched her blue top with a blue-beaded necklace.

  • Cameron Diaz

    Her yellow blouse is accentuated by the flower necklace

  • Kate Mara

    She contrasts her yellow dress with a colorful necklace.

  • Busy Phillips

    Phillip's low stone necklace adds a nice touch to her simple gown.

  • Rashida Jones

    Jones adds an intricate necklace to her black blazer ensemble.

  • Marion Cotillard

    The actress dons a futuristic statement piece to her houndstooth dress.

  • Salma Hayek

    She wears a leaf-designed necklace to an event in October 2012.

  • Hailee Steinfeld

    The young actress keeps things fresh with a gold-plated collar necklace.

  • Emily Blunt

    The star brightens up a white dress with a pretty flowered necklace.

  • Jessica Biel

    She wears an intricate pearl and diamond necklace with matching earrings in August 2012.

  • Julia Voth

    She keeps it summery with this light stone necklace during an event in July 2012.

  • Aimee Mullins

    The model wears a flower-shaped necklace over a simple sheer black dress.

  • Aja Naomi King

    The actress wears a unique necklace showcasing stones.

  • Eva Herzigova

    She adds even more glamour to her gown with a crystal statement necklace.

  • Lucy Liu

    The actress adds a splash with her gold and black flowered necklace at an event in May 2012

  • Dita Von Teese

    She attends an event wearing a black jeweled necklace.

  • Drew Barrymore

    She attends the Marni at H&M Collection Launch wearing a transparant gold-leafed statement necklace.

  • Sharon Stone

    The actress dons a beaded necklace in February of 2012.

  • Alicia Keys

    Keys upped a basic black dress with a gold-plated statement necklace at the 2012 Grammy's.

  • Michelle Obama

    The first lady's layered look complimented the color of her gown. (Photo credit should read SAUL LOEB/AFP/Getty Images)

  • Sarah Jessica Parker

    The "Sex and the City" actress added a dash of glam with multiple gem-encrusted necklaces. (Photo by Jamie McCarthy/Getty Images)

  • Kristen Bell

    The "Forgetting Sarah Marshall" actress accessorized a simple yellow blouse with a long, embellished silver chain. (Photo by Michael Buckner/Getty Images for Bing)

  • Heidi Klum

    The supermodel wore this turquoise Lorraine Schwartz necklace to the 2012 Golden Globes. It's the <a href="http://www.huffingtonpost.com/2012/04/26/beyonce-heidi-klum-necklace_n_1455077.html" target="_hplink">same look that Beyonce borrowed</a> for her spread in <em>People</em>'s 2012 Most Beautiful issue. (Photo by Frazer Harrison/Getty Images)

  • Olivia Palermo

    The fashion maven known for her stint on "The City" wore a heavy, almost-over-the-top necklace with a skinny-strapped top. (Photo by Pascal Le Segretain/Getty Images)

  • Claudia Schiffer

    The actress made a splash at Cannes with this embellished design. (Photo by Ian Gavan/Getty Images)

  • Beyonce

    The singer wore a uniquely designed, gem-encrusted gold necklace with a plunging sequin blouse. (AP Photo/Jonathan Short, file)

  • Jessica Biel

  • Jessica Alba

    The stunning actress accessorized her laid-back outfit with a heavy necklace. (Photo by Andrew H. Walker/Getty Images for Ebel)

  • Lucy Hale

    The "Pretty Little Liars" star donned a unique necklace composed of metal shaped to her neck. (AP Photo/Jonathan Short, file)

  • Katherine Heigl

    Katherine layered multi-colored pearls and beads. (Photo credit MARK RALSTON/AFP/Getty Images)

  • Rachel Zoe

    The stylist to the stars donned a unique beaded necklace. (Photo by Jamie McCarthy/Getty Images)

  • Olivia Palermo

    The socialite and actress donned several necklaces to add more color to her ensemble. (Photo by Francois Durand/Getty Images)

  • Selena Gomez

    The actress and singer enhanced a simple white blouse with a black-and-brown beaded design. (Photo by Ian Gavan/Getty Images)

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