Check out the trailer for Karl Lagerfeld's new 30-minute film, called The Tale of a Fairy, starring Freja Beja Erichsen, Kristen McMenamy, Baptiste Giabiconi, Mark Vandaloo (where has he been?) and other very attractive people. The full film will be screened at Chanel's Cruise show on May 9; you can watch it onChanel's site on May 10. "It is a movie about an ill-advised use of money which begins with violence and ends with feeling,” Lagerfeld said on Chanel's news site. From what we can tell, the plot revolves around Freja as a fairy flitting around topless in tight white cotton pants (at one point someone whispers a fairy is neither a boy nor a girl), Kristen acting like a psycho, and Baptiste asking for money. Classic Karl.