Jason Wu, who designed Michelle Obama's Inauguration gown, and Isabel Toledo, who created the yellow Inaugural dress, were both on the Today show this morning. Seeing his creation on the First Lady, Wu was "awestruck."

The 26-year-old was watching Michelle Obama on TV like the rest of us when he found out. "Words couldn't describe how I felt," he told Meredith Vieira. The gown may very well end up in the Smithsonian, and Wu sighed, "It's incredible." As for Cuban-born Toledo, 48, she says she cried when Michelle Obama emerged in the lemongrass coat and dress she'd designed. The color was supposed to be about "optimism," Toledo explained, and also said: "As an immigrant, it's such an important thing to know I am living the [American] dream." Clip above.