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The defining feature of the tuxedo or formal suit is the presence of satin or silk details on the suit. Common differences between a lounge suit and a tuxedo is the tuxedo usually being one button vs a lounge suit being two button. Further, a tuxedo will usually not have flap pockets on the jacket in an attempt to minimize bulk and maximise sharpness and finally, a tuxedo will usually have a shawl or peak lapel as opposed to a lounge suit usually having a notch lapel.