According to Grazia a new legging trend is taking hold. Wet-look leggings, they claim, are all the rage. It seems trendsetters from J.Lo to Lilo have been spotted sporting slick, seemingly slippery leggings. While the emphasis on hosiery and leggings this season makes a lot of sense, what exactly explains the liquid leather phenomenon? Like most trends dominating the fashion industry, I, for one, would blame it on the economy.

Conspicuous consumption is over; hence the influx of hobo chic, not to mention patent leather. The latter, an especially recession-friendly fabric, is popping up across the board. While it played a significant role in some of this season’s bondage-inspired looks, it’s surfacing in fast fashion as well. Specifically, Norma Kamali for Walmart features a slew of cute, exceptionally reasonably priced patent leather handbags. And, for those in the market for some equally affordable, covetable tees, don’t miss Norma’s tree and butterfly graphic-embellished ones, which together will run you a cool $16.