It's a hat-spectacle Derby

Madhatters and horse-racing fans converged at the 138th Kentucky Horse Derby on Saturday, May 5.

Sandy Cousins, of Fond du Lac, Wis., wears horseshoe glasses while waiting for the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)

Sandy Cousins, of Fond du Lac, Wis., wears horseshoe glasses while waiting for the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)

Kimberly Scott, left, from Albany, Ga., chats with a friend in the paddocks before the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Michael Conroy)

Spectators make their way to the grandstand viewing area before the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. (AP Photo/James Crisp)

Tamara Sorrell, from Austin, Texas, wears a fancy hat in the paddocks before the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)

Jackie Resillez, from Cincinnati, waits for the start of the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)

From left, Amanda Lear, from Ruby, S.C., Amada Griffo, of Wapakoneta, Ohio, and Sara Coucher, of Frederickstown, Ohio, chat in the paddocks before the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)

Amanda Lear, from Ruby, S.C., watches horses in the paddock area before the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)

Jim Leuenberger, from Shawano, Wis., wears a red bowler hat white while walking through the paddock before the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)

Race goers watch as jockey Colm O'Donoghue rides Revolving through the paddock before the third race at the 138th Kentucky Derby horse race at Churchill Downs, Saturday, May 5, 2012, in Louisville, Ky. The Run for the Roses draws them to Churchill Downs. But what race goers wear is as much a spectacle in itself. (AP Photo/Mark Humphrey)