The first thought that popped into my head upon seeing that dress was Project Runway. I can just hear the jujdges asking, "Who is the girl who would wear that dress?" lol.
Looking closer, it doesn't look that hard to make. It also looks like a dress you could wear once.
Seeing pictures like that makes me want to try to make one. Which immediately triggers the "ARGH, not another project...hide! Hide! Project alert!" response. But it's a cool dress, and I bet I could make one.
The skirt part looks doable. The bodice looks harder. If it's all paper, then it would have to be perfectly tailored to the wearer.