The first collaboration announcement of 2011 is here! Target is teaming up with Calypso St. Barth for a limited-edition line of fashion and home items priced from $1.99 to $79.99 to launch May 1st.

Celebrity fans of Calypso St. Barth's no-fuss approach to boho chic style include Kate Hudson, Jennifer Aniston and Kate Beckinsale.

It's hard to think about resort-wear when there's snow on the ground, but if I had to imagine which Calypso St. Barth designs I'd love to see translated for the budget market, they would include this fabulous pouf ottoman, these colorful bangles, and this breezy ikat dress.

Are you looking forward to this Target collaboration?