You think the 80's were bad? The early 90's weren't much better.

Jezebel - Back Issues Of InFashion : Party Like It's 1992

And as to the question of did women wear tapered pants tucked into ankle boots?  Yes, yes they did.  In 1989 the day yearbook photos were taken for senior superlatives.

Also?  OMG!  It's Mr. Eko!