OLSEN'S NEW LOOK Artist's rendering

• Cloak daggered: The shmata business is in bad shape if CFDA award winner and Cloak designer Alexandre Plokhov has to close down shop.

• From the runway to the gutter: Marc Jacobs's ex-boyfriend Jason Preston is reported to have been seen making out with gossip goblin Perez Hilton. But is he into PNP?

• Anna Wintour soaks up the limelight: First, the interview with Barbara Walters. Now, the documentary about the making of the September issue of Vogue is scheduled to hit A&E.

• Catfight update: Why did Nicole Richie dump stylist Rachel "Lettucecup" Zoe? Theories involve mutual eating disorders, illegal diet drug distribution, and plain old jealousy.