Flipping through Fendi's photos on Style.com lead to a few observations: 1. If we didn't know better, we'd think the dress patterns were woven in silk, not mink and leather - amazing. 2. The mosaic necklines on some of the dresses are both referential and futuristic - incredibly cool. 3. Lily Donaldson's back looks awfully awful in this picture. It reminds us of the Mary Kate photos from her Hollywood Walk of Fame induction, just before the starlet was rushed to rehab with an eating disorder / drug problem (circle one). If we combine the skeletal shadows on Lily's body with her current It Girl status, we have to wonder - is Lily Donaldson the new Mary Kate? It's icky enough to distract us from the rest of the Fendi show, which (again) was a million layers of gorgeous.