It was only a matter of time before an actual bag designer released her clutch into our clutches, and here we go: meet Holly Dunlap, former Lily Pulitzer head, current creative director of Hollywould, and marathon party girl.

The first time we met Holly, we were knocking back Cuervo shots in her Elizabeth Street boutique - of course, that was before she got Lydia Hearst and Theodora Richards to model her designs in a calmer setting (the ground floor of Christie’s; Tinlsey Mortimer was also in the show).

Now Holly has a showroom across the street from Chanel, but the guts of her bag (which she designed herself) could belong to the bad girl in your sorority…

How cool is ELLE fashion editor Kate Lanphear? Let’s put it this way: when Imitation of Christ showed their Spring ‘07 collection in September, they made sure she was sitting next to Scarlett. When Kate walks out of a fashion show, every assistant in the room turns to her third row friends and says, “she’s my girl crush.”

When we spotted Kate ditching the Marc Jacobs party at 205 (along with half the Marc Jacobs staff), we knew the routine: “She’s my girl crush,” I grinned to my date, then ditched him and promptly asked Kate to open her bag.

Kate: Sure; what do you want?

Us: Do you have any candy?

Kate: I have Reeses Peanut Butter Cups! The best kind! You get sugar lows during Fashion Week and they’re horrible; you’re waiting for a show to start and all you want is candy.

Us: You also have a lint roller.

Kate: I do. I wear mostly black and white, and in the winter with so many knits, those colors love to shed. Look, and I have a map of New York! I’m such a tourist! But people have shows in the most random places. Sometimes I look at the invite and I’m like, “Are you sure this show isn’t in London? Because I’ve never seen that address before.” It’s like streets get invented for Fashion Week.

Us: Why do you have an eraser?

Kate: I refuse to write in pen. I take all my show notes in mechanical pencil.

Us: Is there anything you do write in pen?

Kate: My name!

When Amber Valetta walked into the Chris Benz dinner for Lancome, we were already obsessed, but then she pulled out her Prada clutch. “You’re in love with it, aren’t you?” she asked, so we tiptoed to her side of the table (where she sat next to Shalom Harlow in a pool of unfairness) and did a little style investigation.

AMBER: It actually has hooks for a chain on the inside; it’s supposed to be a proper bag but I thought it would be much better as a clutch.

US: So in love.

AMBER: It goes with everything and all my friends want to steal it.

US: Yeah, Chris Benz said he’d swipe it for us as soon as you went to the bathroom.

AMBER: Yeah, nice try!

US: What’s inside it?

AMBER: Just my wallet. It’s a party - pack light!

Ever wonder what fashion editors do in the front row? You know, after they pretend not to notice they’re sitting next to Scarlett, discretely deposit the makeup from their goody bags into their actual bags, and focus very hard on their Trio messages?

Fashionista has a lovely window inside the mind of a pro, thanks to the incredible Hilary Alexander. The style editor of the London Telegraph, Hilary may be the UK press’ most public face, and she’s a Kaiser Chiefs fan to boot (which means, of course, we love her).

Check her out with Tom Ford, at right, and then click below to see her musings on Alice Roi’s Fall ‘07 collection…

“Male Socialite” (and actual writer) Derek Blasberg is blogging for Jane and rooting for Jacquetta Wheeler this season. But what’s he lugging around in his giant bag? Fashionista investigates…

US: Hey Derek, what’s up with the bag?

DEREK: Don’t you love it? It’s from Calvin Klein.

US: We do love it, but why is it so big?

DEREK: I don’t think it’s appropriate for guys to walk around with little man purses. If a guy wants to carry a bag, he needs to carry a well-sized, sturdy, appropriate bag!

US: Good call; that’s so true. But that bag looks like it could fit a Tinsley, a Genevieve, or a Lily inside. Is one of them hiding in there to keep you company?

DEREK: No! You want to take a peek?