A new and distinct cultivar of winter-hardy, herbaceous, perennial, hybrid Hibiscus plant named ‘Ballet Slippers’ comprising a compact habit of multiple, well-branched, basal stems over a prolonged season having a white middle portion, a shiny deep-red eye, blushed with pink along the petal tips and leading edges. Flower shape is slightly cupped with the leading petal edge slightly ruffled and not lying flat on the petal underneath. The foliage is three-lobed, deeply dissected, and dark green colored.