In short, I agree with Tally. In long, I didn't think it was too serious until I looked into it and found this talk from Elder Christofferson. It's a fantastic talk as a whole, but I'll just include the part that talks about piercings.
"I now turn to another example of our theme—the sacred nature of our physical bodies. As God and Christ are deserving of our reverence, so Their works are deserving of our respect and reverence. That of course includes the marvelous creation that is this earth. And yet as wonderful as this earth is, it is not the greatest of God’s creations. Greater still is this marvelous physical body. It is in the very likeness of the person of God. It is essential to our earthly experience and key to our everlasting glory.
Some have mistakenly supposed that, with respect to their body, they answer to no one. We are specifically told, however, that we remain accountable to God.
Know ye not that your body is the temple of the Holy Ghost which is in you, which ye have of God, and ye are not your own?
For ye are bought with a price: therefore glorify God in your body, and in your spirit, which are God’s. [1 Corinthians 6:19–20]
'If any man defile the temple of God, him shall God destroy; for the temple of God is holy, which temple ye are' (1 Corinthians 3:17). 'I beseech you therefore . . . , by the mercies of God, that ye present your bodies a living sacrifice, holy, acceptable unto God, which is your reasonable service' (Romans 12:1).
How are we to preserve the sanctity of this most important and sacred of God’s creations? At a minimum, we would not in any way defile our bodies. To be specific, if we possess a sense of the sacred, we would not deface our body as with tattoos and piercings. Some wonder at the fact that the President of the Church has taken notice of this matter. They are puzzled at the directness and specificity of his counsel on this subject. He has stated:
'A tattoo is graffiti on the temple of the body.
Likewise the piercing of the body for multiple rings in the ears, in the nose, even in the tongue. Can they possibly think that is beautiful? It is a passing fancy, but its effects can be permanent. . . . The First Presidency and the Quorum of the Twelve have declared that we discourage tattoos and also “the piercing of the body for other than medical purposes.” We do not, however, take any position "on the minimal piercing of the ears by women for one pair of earrings"—one pair.'
Why would the prophet of God talk about things so seemingly insignificant? Because they are not insignificant. Defiling or defacing God’s creation, His temple, makes a mock of that which is sacred. This can be perceived as insignificant only to one who has lost a sense of the sacred. Don’t do it."
So, dang. I was surprised and a little blown away the seriousness of this topic. I feel the need to make sure I'm not making light of other prophetic declarations.
As for as the cuff you asked about, I don't think it's bad. Other people may have different interpretations based on the quote above. Pray about it and see what feels right for you according to the given counsel.