Nothing's sexier than a red satin strapless dress topped with a luscious bow, but at $755, Moschino Cheap and Chic's pricey number is sugar daddy material at best. For just under 30 dollars, you can pay your own way and still turn heads thanks to Forever 21. I saw their version of this dress in stores styled with a black leather jacket, lace tights and a vintage rhinestone brooch, and thought it would make a stellar look for New Year's Eve!

Luxe on left: Moschino Cheap and Chic Strapless Dress with Bow Detail, $755.00 at Shopbop.com
Less on right: Bow Front Strapless Dress, $29.80 at Forever21.com

Betsey Johnson denies any plans of a diffusion line, which makes sense since isn't that what Betseyville is for? [via The Cut]

Thakoon for Target and Hayden-Harnett for Target hit stores today. (Check back here tomorrow for full coverage of the collections.)

College Candy gives us Gwyneth Paltrow's celebrity-chic-for-cheap New Year's outfit.

Nitro:licious has the H&M Spring 2009 collection preview.

Get step-by-step instructions for 5 party worthy updos at RealSimple.com

Day-after-Christmas shopping falls short, but Amazon reports "best ever" season. [via The Chicago Tribune]

Cupcakes and Cashmere shows us how to rock a black lace skirt from Forever 21.