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Set aside your jade polish, there’s a new green in town: Turquoise! This bold and mood-boosting shade was front and center on the spring runways like Rachel Roy (left) and Oscar de la Renta (right) and today, the hue authorities at Pantone announced it was 2010′s color of the year. We’re getting a jump on things by investing in some turquoise polish stat—like CND’s Anchor Blue ($9.00, in stores only). How will you embrace the new trend?

Don’t forget about our 20 Days of Free Nail Polish Twitter giveaway!

—Hannah Morrill

After two mega-watt ad campaigns starring Madonna, Louis Vuitton has gone back to the basics—models! Their newly revealed Spring/Summer 2010 ad campaign features supermodel Lara Stone resting on a bed of ferns amid white doves. “After two seasons with such a huge star, Artistic Director Marc Jacobs decided to take a breather and work with a model—and not just any model. She clearly has a Brigitte Bardot look,” Vuitton’s Communication Director, Antoine Arnault, told WWD.

— Joyann King

Attention aspiring models across the pond! Supermodel Naomi Campbell is in talks to host a British version of America�s Next Top Model. “Naomi has been approached with an offer, which we are talking are…discussing… but nothing is set in stone yet,” Campbell’s spokesperson told the Daily Mail. If Campbell does sign on for the show, she’ll give the reigning supermodel-turned-model scout, Tyra Banks, some competition—now that’s a runway walk-off we’d like to watch!

—Enid Portuguez

If Proenza Schouler‘s covetable PS1 bag won’t be under the tree, we’ll settle for a wallet in its likeness! The label’s newly launched e-commerce site is offering limited-edition leather goods that are perfectly sized to slip into any knowing fashionista’s stocking. From the Lux Leather Wallet ($165) that looks like a miniature version of the PS1 satchel to the Knot Key Ring ($135) that puts the chic back into key chain, choose from any array of Day-Glo colors that will easily brighten up her holiday.

See more stylish gifts for everyone on your list in our Holiday Gift Guide.

— Joyann King

Lady Gaga shook hands with the Queen of England last night in a dress inspired by Elizabeth I. Gaga, who was one of the featured artists, along with Miley Cyrus, at the Royal Variety Performance in Blackpool, England, performed her single “Speechless” wearing a dress made out of red PVC that featured a 20-foot-long cloak and Elizabethan-style collar (which she removed before greeting Her Majesty). Lady Gaga admitted to toning down her act, which including her playing a piano suspended 30-feet in the air, for her royal audience.

— Joyann King