Marc By Marc Jacobs Turnlock Teri in Red

I can't lie... I kind of forgot I had this bag, and I unearthed it when I was home for the holidays. I bought it from last year's epic Saks sale and have never carried it. I actually have this bag in black and use it constantly. It's a great day bag with two large exterior pockets with turnlock closures, large slip pockets on front and back, and three pockets in the roomy middle section.

J.Crew Bow-Tie Skirt

I can't believe that this $350 J.Crew Collection bow-tie skirt is sold out, but apparently some people are not feeling the recession. The site description boasts that the silk jacquard for this skirt was developed from a vintage swatch and recolored for J.Crew. Apparently the skirt is dressed in self-fabric bows, each requiring meticulous handiwork and only a very select few were created. It's definitely a statement piece and I've never seen anything like it before--here's hoping Eric Daman snagged one for ultimate bow-lover Blair Waldorf.

Nicely Done: Mila Kunis

Mila Kunis attended the opening night for the New York City Ballet with director Darren Aronofsky. I have mixed feelings about her gray ruched strapless cocktail dress by Dolce & Gabbana teamed with a black tuxedo jacket, but her makeup is lovely--click the photo to check out a close-up.

Ann Taylor Wool Bow Neck Coat

I love this Ann Taylor wool bow neck coat, and it reminds me of the Marlene Birger Justinas jacket. This Ann Taylor piece would make for a lovely cocktail coat, but the simple shape could also work with jeans and heels for a more casual evening out.

Banana Republic Easy Lightweight Sweater

I had some old rewards cards from Banana Republic to use, and decided to pick up this sweater from the winter sale before the dollars expired. It has a slouchy, sexy fit and the color is a lovely deep purple. I was thinking about pairing it with a black lace camisole, skinny black pants, and black boots, but I'll have to play around with it before deciding on styling.

Acquire It: J.Crew Trifecta Ring

Trifecta ring, $65 at J.Crew

Admire It: Stephen Dweck Three-Stone Bubble Ring

Stephen Dweck three-stone bubble ring, $585 at Neiman Marcus