Don't Miss:

Donna Karan‘s newest must-have bag, the Eldridge, is so cool it got its own short film! Starring alongside Christina Ricci, the convertible pleated leather bag follows Ricci around N.Y.C. as she plays four characters: the Dreamer, the Paramour, the Expressionist and the Voyeur, all inspired by one of the four different ways you can wear the bag. “I have been a long term devotee of Donna Karan. This was the perfect opportunity for me to wear amazing pieces, be in New York and make a cool film. It was really fun!” Ricci said. The film debuts tomorrow on Donna Karan’s Facebook page.

The Eldridge, $1495; at net-a-porter.com.

— Joyann King

Scrunchies might just be making a comeback! The iconic ’80s hair accessories are so easy to use that we’re not surprised to see stylish stars like Sienna Miller and Catherine Zeta-Jones sporting them. As for whether or not to pony up your trusty hair elastic, that’s up to you.

—Enid Portuguez

As Avon’s Global Ambassador, Reese Witherspoon spent the month of December promoting her debut fragrance and her cause celeb—fighting domestic violence. Join Witherspoon in her efforts, just by entering our contest! Enter to win one of 26 bottles of In Bloom, plus this empowerment bracelet that the actress wears every day. One lucky winner will receive the grand prize—a signed bottle by Witherspoon, plus an empowerment necklace and bracelet.

— Joyann King

When Sarah Jessica Parker hit the red carpet and the streets of N.Y.C. sporting an eye-catching hot pink scarf (and matching Diane de Maria bag!), we took note. Scarves have moved from pure necessities to true accessories, replacing statement necklaces as the newest instant outfit-maker! “This is a real movement,” jewelry designer Irini Arakas told the New York Times. So much in fact that Arakas started designing a line of fashionable scarves and now counts Michelle Obama as a fan. So whether it is hot or cold out, it’s time you tied one on.

Shop all scarves.

— Joyann King

Madonna is the new face of Dolce & Gabbana‘s Spring/Summer 2010 campaign and this time the designers wanted to capture an unseen side of her—domestic diva! Performing household chores from washing the dishes to cooking up spaghetti in the kitchen, the pop icon models the collection of classic Dolce & Gabbana pieces like clingy skirts and sweaters in leopard and crochet. More