Tonight is the night: Karl Lagerfeld will personally unveil his Olympic-themed collection at Selfridges in London. Although the items celebrate the games, don't expect any sporty Spandex or ventilated mesh. A preview of the items reveals a motorcycle jacket flecked with gold, skinny jeans splattered with gold, and…

• Worst-selling, that is. Swift's April Elle issue sold the fewest copies of the year, and her covers of Glamour and Marie Claire were nearly as bad. Blake Lively bombed on Vogue and Esquire, but weirdly sold well for Allure. [WWD]

• Blake Lively is rumored to be the face of an upcoming Chanel handbag campaign. [E!]
• Having Linda Evangelista in its ads has apparently driven up Talbot's quarterly profits by 17%. [WWD]

• After Tom Brady's game on Monday night, maybe-cheating Gisele Bündchen called shotgun for the ride home while he was relegated to the back seat. (They have a driver.) Clearly we can infer that she is a castrating Brazilian super-harpy. [People]

You may have heard the story before: woman goes to Neiman-Marcus/Mrs. Fields, orders cookie, loves cookie, requests recipe, is told it's "two-fifty" and is shocked to get a credit-card statement for $250. For revenge, she shares with the world:

• Rachel Bilson, the new Sunglass Hut "style director," posed for pictures in, you guessed it, sunglasses. "It's fun to wear [aviators] with something a little more dressy because it adds a little edge to your outfit," opines the actress. [People]

• Naomi Campbell taped an episode of Oprah. It must be tremendously comforting to be able to confess one's blood-diamond-mongering sins with warlords to Oprah's stern-but-spiritual countenance. Oprah also extracted from Campbell a pledge to stop throwing phones. [WWD]

If you've opened a women's magazine recently, then you probably know what's in this season. "Investment" fashion!

• Madonna got a clothing line. Not with Ed Hardy, but with Iconix — and her juniors' clothes will hit Macy's under the label "Material Girl" as soon as August. Expect a variety of other collections to follow, including eyewear. [WWD]

• Claire Danes and her spooky, enhanced spiderleg eyelashes will soon be staring down at you from ads for Latisse, the eyelash-growing goop that has this totally minor side effect where sometimes it permanently changes a user's eye color. [AOL]