• South Korean training pants brand Good-Nites released an ad that parodies David Beckham's turn for Armani. Because they are not just functional, but fashionable, kiddies! This makes us a little bit uncomfortable because Beckham is so sexxy. [Copyranter]

• Isaac Mizrahi video-blogged his excitement over Michelle Obama's decision to wear one of his dresses to the SOTU. "She was saying, 'not let, nor right,' it was kind of like a bipartisan dress," said the designer. [IsaacMizrahyNY]

Vogue's always been good at championing the idea that being rich is awesome, and the September issue features a profile on Juicy Couture's Gela Nash-Taylor, who spends eight weeks of the year at her historic manor in the English countryside.

• Australian Vogue's September cover is out, and it features a stunning illustration of Cate Blanchett. [WWD]
• Meanwhile, Fashion Week Daily is reporting on a rumor that Victoria Beckham might be American Vogue's October cover model. [FWD]

• This speaks for itself: Win A Chance To Design Lindsay Lohan's Leggings. [FabSugar]
• Similarly exciting is news that Juicy Couture is launching a perfume called "Couture Couture." At a certain frequency of repetition, "couture" actually loses all meaning! [WWD]

• The return of Mad Men is a mere 37 days away, and the AMC show has struck a deal with Banana Republic:

• Posh and Becks are in an underwear ad, together! David seems to be deep in thought, perhaps pondering the wisdom of letting Armani give him hair that belongs on a Lego newscaster. Narrate Victoria's inner monologue in the comments! [Telegraph]

• Michelle Obama will receive a CFDA award — but CFDA president Steve Kolb isn't certain she'll attend. "We'll do whatever we can to get her here, but the award isn't about getting her to come." [AP]

• Pam Anderson is Vivienne Westwood's new muse. The two seem an unlikely pair but "when Westwood saw Anderson in one of her dresses she knew instantly that Pamela was the right person for her new campaign." [ElleUK]

• More hot water for American Apparel: an accountant is suing for wrongful termination, saying he was fired for refusing to cook the books. [WSJ]
• A Bosnian company is starting an Obama-inspired suit line. Now is he obliged to wear one?! [Breitbart]
• Joan Rivers critiques Michelle's "horrible dress." In fairness, she's…

• Designers like Donna Karan, Elie Tahari and Thakoon are fighting to get to Michelle Obama. [WWD]
• Even though her Narciso Rodriguez dress drew mixed reviews. [NY Times]
• According to polls, 65% considered it a "Don't." [USA Today]
• Proenza Schouler’s Jack McCollough on the election. “A shout-out to the gays? I mean, never,…

• LiLo's MySpace: "I'm thrilled to announce that my new fashion collection, 6126 is finally ready for launch!! I love to wear leggings, so it should come as no surprise that my first venture into the world of fashion design is with leggings! I named the collection after Marilyn Monroe's birth date, because to me she…

• "Designer" Heidi Montag to design own dress for "wedding" to "fiance" Spencer Pratt. How much cleavage will she show? [Just Jared]
• Further evidence that Project Runway's going down the tubes: LiLo's gonna guest-judge on Lifetime. [NY Mag]
• Dolce & Gabbana make bff Naomi "Siddhartha" Campbell their official muse. [Mail…

• After years of establishing her reliability and commitment to quality, LiLo has gone all weirdly entrepreneurial on us! She's launched her own brand development company. "With Lohan serving as the public face and a source of ideas, Beverly Hills-based Stay Gold LLC is developing merchandise under the label 6126." The…

• I know this is why I go to the British Museum: to see a life-sized Kate Moss rendered in pure gold. "A solid gold sculpture of the model, thought to be the world's largest gold statue built since the time of ancient Egypt, was given its first showing yesterday." [Independent]
• Working to combat any taint of elitism,…

• Clearly, LiLo has found her calling: purveyor of last year's trends! The former-redhead's leggings have sold out at Intuition boutique in L.A. and the waiting list grows longer by the day. [<a href="http://news.yahoo.com/s/eonline/20080718/en_celeb_eo/717b33af2f10_4c76_8844_
  
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• Kill me right now.…

• Reports Hot Topic eyewitness:"ONLY 7 people showed up. SEVEN. That's it. Mario was BEYOND upset texting and DEMANDING the right water, food, ETC he was a rude royal pain in the ass and BEYOND crass... My manager was trying to get people to come in to meet Perez by handing out $5 gift cards NO ONE WANTED TO MEET HIM!…

• It's official: Nina Garcia is officially a has-been. The recently-fired Elle fashion director is now partnering with Bayer and Yaz to judge a contest in which people submit designs for a new little case to hold birth control pills. I don't know about you, but I like the purple faux-suede "wallet" that my Yasmin comes…

• TIME magazine invited Donatella Versace to the annual White House Correspondents dinner, and she thought the invitations said white lines so she RSVPed. No actually she thought they said "Winehouse" Correspondents dinner. [NY Mag]
  
• And speaking of cocaine! George W. Bush's cousin Lauren may be a handbag designing…