Elizabeth and James, the five-year-old contemporary label designed by Mary-Kate and Ashley Olsen, is one of my longtime favorites (seriously, between Elizabeth and James and their high-end line The Row, aren't you so glad they shelved their teenybopper acting careers to turn into serious fashion designers?). This season, for the first time they showed Elizabeth and James during fashion week. Why? "It just felt like the right time," Mary-Kate told WWD. Good enough for me, because the clothes were definitely right. Let's see...what must I have for fall...hmm, pretty much everything. Definitely the opening olive drab parka with the luxe fur trimmed hood. Ditto the white oxford shirtdress with asymmetrical hem, the ivory peacoat, cable sweater, plaid pencil skirt, burgundy suit and cardigan, and the jacquard peplum top. The look is deliciously chic with a touch of Ivy League co-ed, and I can't resist it. See the complete collection here.