Karl Lagerfeld presented his 73-look resort collection for Chanel yesterday in Cannes. All his starlet muses were there including Blake Lively, who was eagerly snapping photos of the show with her iPhone (just like us!) and gushed to WWD, “My gosh, I think I’m going to move here!” Lagerfeld’s Magnum ice cream girl Rachel Bilson, Clemence Poesy, and Alexa Chung were also among the 200 attendees.

The runway was packed with top models–including vets like Stella Tennant and Kristen McMenamy, who walked the runway in a high-cut bathing suit (and gave every girl motivation to look that good at 42).

The rich lady collection matched the super luxe location of the show–the Hotel du Cap in Antibes on the French Riviera. Caroline Seiber described the collection to Style.com‘s TIm Blanks as “billion-dollar babes.” Lagerfeld himself described the collection to WWD as “a modern version of sophisticated dressing — to go with those boats,” (at this point he apparently gestured to some yachts).

The only part of the collection I can’t get behind? Most of the girls were wearing these shoes that looked like flip flops with heels, connected to skinny pants. According to WWD, Lagerfeld is calling them “tango thongs.” Would you wear a tango thong?

Check out some highlights from the show as well as what what the starlets wore.

**Photos: Getty, the Daily Mail, Style.com