KCD and Fashionista digitized recently unearthed archival footage of Stephen Sprouse's very first show. The year was 1984, and New York fashion was still all punk and cool and shit. Watch out especially for transgender model Teri Toye, Sprouse's muse. "I don’t think people had really experienced anything like it –…

• Rachel McAdams — with a mop of, dare we say it, could that be Kate G.-inspired hair — graces the January cover of Vogue. McAdams went to a couple fashion shows with Anna Wintour in September. [JustJared]

Everyone has a theory about what the recession will "mean" for fashion. Wanna hear often correct New York Times critic Cathy Horyn's? Oh yes you do!

• Sometimes the morning brings good news: Domenico Dolce and Stefano Gabbana are going to play Italian priests in the movie version of Nine, which was inspired by Fellini's 8 1/2. Priests! [Elle UK]

• Olivier Theyskens is holding true to the fundamentals. “When the economy changes, it’s not like you want to start eating bad-tasting chocolate,” he said, after showing his pre-fall collection for Nina Ricci. [WWD]

• Vivienne Westwood wants to write the sequel to the Sex and the City movie. Westwood, who critiqued Patricia Field's costumes, is "obsessed" and has allegedly contacted producers and SJP about the scenario. [Telegraph]

• Dad of the year Kevin Federline has launched a kids' clothing line, Otzi, which, when you think about it, makes no less sense than his rapping or acting careers. [People, Perez Hilton]

• It's unclear exactly why Karl Lagerfeld presented Britney with a German Bambi award, but that affects the awesome not a whit! Quoth the Kaiser, "[You are] coming back not only as a phoenix, but as a bird of paradise." [New York]
• British fashion writer claims that "judging by the pictures of Madonna's recent…

• Diddy likens himself to Obama. Speaking of his new fragrance, "I Am King," he declares, "When you see Barack Obama, you see a strong, elegant black man and when people see my ad, it's almost like that's the trend." [WSJ]
• "Mr. Obama sometimes wears jeans, as he did for a rally on Oct. 28, but his jeans are the loose,…

• Suri Cruise's custom Roger Vivier flats: Cute, or creepy and decadent? "Bruno Frisoni, the creative director of the French luxury label and pal of Tom and Katie, made Suri her very own pair of iconic buckle flats (made famous by Catherine Deneuve in Belle de Jour)." Oh, and if you want your own toddler to look like a…