The Super Bowl isn’t the only big thing happening today.  Target released their latest high-end-goes-affordable collection, Jason Wu. The 60-item line, full of sheer tops and pleated skirts, is causing the expected amount of chaos.  Garments have already hit eBay with heavily jacked up prices.  So act fast and act smart. 

Did you hear? Jason Wu is the next designer scheduled to collaborate with Target, and his collection will hit stores February 5, 2012. The '60s-inspired range will include apparel, scarves, and handbags, and prices will vary from $20 to $60 a pop. Since "great designs always start with a sketch," as Wu says in this teaser video, here's a peek at the first look.

Young designer Jason Wu's signature tailoring and ladylike polish have been consistently dazzling enough since he founded his namesake brand four years to cement his status as a fully-realized fashion star, thanks in no small part to a certain First Lady. Wu's spring show saw the retail-savvy designer expand to a full range of accessories, including shoes, bags, glasses, and now, nail varnish. Wu settled on no-nonsense runway manicure staple CND to collaborate on a limited edition Jason Wu Collection that he says "honors iconic women through wearable, timeless shades." The set, due out this May, includes four colors, and one "Effect" shade that can be used to layer the shades. "Every season I play with different ways of using color, so it was a natural choice to collaborate on a capsule of nail colors that reflects my aesthetics," Wu says in the press release. Included in the set is Wu's "signature gray color," amongst the palette of muse-christened shades.

Pre-Fall 2011 collections have been steadily rolling out over the past couple of weeks, even if they are—according to Michael Kors—deemed less important collections due to their unfortunate name. Kors explains to Elle that people tend to skip over pre-fall and go right to fall/winter clothes: “You see everyone in the front row bundled in furs and tweeds in September and it looks insane!" Resort collections, on the other hand, sell well because the name sounds appealing. "Everyone knows now that resort is important, but because the name 'pre-fall' is so ugly no one wants to acknowledge that these are the clothes you actually put in your closet," Kors tells Elle. However, the truth of the matter is that the pre-fall season continues to grow in significance, playing a particularly important commercial role for many designers, such as Oscar de la Renta (pictured).

Michael Kors might be right—the name “Pre-Fall” isn’t exactly appealing. But we’re happy it’s here. Holding us over from the drying-up well of Spring clothes, yet before Fall/Winter has hit stores, Pre-Fall is designed to carry you into the new season, and designers create wearable clothes that are much more commercial than the ready-to-wear collections. Similar to the recent adoption of Resort as a prominent and accepted season of fashion, Pre-Fall is becoming larger every year, with more designers releasing a line in this brief in-between period. Runway shows and lookbooks have been popping up online in the last few weeks, and after the jump we’ve compiled our favorite looks from those released thus far.

Vogue's infamous editrix can't seem to kick her Roger Federer habit. The bob has maintained close ties to the tennis star (who won the French Open yesterday) for years, much to the media's delight. Not only has Wintour supposedly had a hand in landing him men's fashion magazine covers, as well as front-row seats to Fashion Week; she rarely misses a major match. Such was the case Saturday when Wintour reportedly left wunderkind fashion designer (and Michelle Obama favorite) Jason Wu's first-ever Resort show four minutes before Wu's models made their way down the catwalk. A Vogue staffer told Fashion Week Daily that, "[Wintour] had a plane to catch. But she saw entire [sic] Jason’s collection earlier and really liked what she was looking at.” Less than 24 hours later, a beaming Wintour was spotted, sunglasses-clad and sitting with boyfriend Shelby Bryan at Federer's title-winning game.

It’s Day 5 of Fashion Week, and so far there’s been no shortage of conversation starters. Alexander Wang fed his backstage guests food from Hooters and congratulated models that didn’t fall on the catwalk with a shot of tequila. Speaking of runway tumbles, three models fell at Hérvé Leger, which designer Max Azria has blamed on the overly slick wood catwalk (their sky-high stilettos probably didn’t help matters either). Kanye keeps surfacing -- he’s hit presentations from Band of Outsiders and Boy to Y-3 and Preen.

Despite countless fashion houses suffering cutbacks across the board, a number of downtown designers are forging ahead, building their brands through accessories launches and additional lines as well as e-commerce expansions. Moguls Ashley and Mary-Kate Olsen are adding menswear to their design repertoire, which already includes The Row (a high-end women’s collection) and Elizabeth and James (a slightly less expensive line of men and women’s clothing that also includes accessories and shoes). Elle UK describes the men’s line, which will fall under the umbrella of The Row, as “chic and classic, the collection heavily focuses on tailoring -- not surprising for a label that takes its name from Saville Row -- and uses only top quality fabrics.” Expect skinny suits and classic silhouettes that look especially appropriate when latched onto the arm of an "it" girl. And while wunderkind (and CFDA favorite) Alexander Wang likewise recently announced his plans to expand into menswear, he’s not stopping at duds for dudes.

With the simple act of donning a floor-length, handmade flower and Swarovski crystal-embellished ivory gown to the Inaugural balls last night, Michelle Obama solidified her status as a fashion icon. (Her appearance on the cover of Vogue come March won't hurt either.) The dress looked exquisite on her (albeit a bit long, especially considering all of the dancing she and her husband had to do last night); more importantly, she looked absolutely at ease in the design from 26-year-old wunderkind Jason Wu (whose floral-embellished dress Mrs. Obama sported just a few weeks earlier for an interview with Barbara Walters). As for Wu, the designer told the Today Show that he was completely unaware Mrs. Obama was wearing his design to one of the most highly anticipated events on the 2009 fashion calendar until the moment it was broadcast live.