Today, Kelly and Ryan will dedicate the full hour to that quirky but always-popular piece of seasonal attire, the holiday sweater, with “Live’s Holiday Sweater Party.” The hosts will sport a number of fun and outrageous sweaters over the course of the show, with “Second Act” star VANESSA HUDGENS, decorating duo CRAFTY LUMBERJACKS and the entire “Live” audience all rocking their holiday finest as well. The show wraps up with an audience sweater contest.