Today marks the launch of the Gap CFDA Design Editions khakis collection designed exclusively for Gap by finalists of the 2008 CFDA/Vogue Fashion Fund—Alexander Wang, Vena Cava and Albertus Swanepoel. The launch coincides with last night's CFDA awards, aka the Oscars of fashion, where Wang won the 2008 CFDA/Vogue Fashion Fund award while Lisa Mayock and Sophie Buhai (the ladies behind Vena Cava) along with Swanepoel were runners up. The collection, which ranges in price from $39.50 for a khaki fedora to $88 for a printed khaki dress, is available at www.gap.com and select Gap stores nationwide.

My two cents: I love the detailing on the Vena Cava dresses and could use that khaki moto jacket. But Alexander Wang's pleated, high-waist, tapered khaki trousers aren't exactly something my wardrobe needs at the moment. Nor am I clamoring to get my hands on one of five khaki hats. What do YOU think?

See the whole collection after the jump...