Martha Stewart had designer Roberto Cavalli and Saturday Night Live's Seth Meyers as guests on her show this morning. A clip of the amusing encounter—and a slurred, semi-understandable conversation about women, helicopters, and Cavalli's multi-colored yacht—is below.

WWD asked a bunch of fashion designers about the fabulous places they'll be heading to over the holidays, and what they're hoping Santa leaves them under the tree (or beside the Hanukkah menorah, as the case may be). Most of the gifts mentioned are predictably fancy and expensive. But not all! The only thing Nanette Lepore wants this holiday season is a 15-minute meeting with Michael Bloomberg. [WWD]

Marissa Mayer knows her taste matters; that's why the Google VP walks the office in Armani and Oscar de la Renta. So when she showed off her cell phone in France, it should have been one of Google's. Whoops.

If, like any devoted son or daughter, you were planning to buy your mom a fake Louis Vuitton bag for Christmas and pass it off as the real thing, you may now need to make other arrangements. The NYPD staged a raid on counterfeiters on Canal Street earlier today and shut down 30 storefronts that were selling fake bags, watches, and wallets, and perfume. [WABC, NBC]

Tragic news for those of you looking to get your hands on former Spice Girl Victoria Beckham's latest collection of dresses: A delivery of more than $500,000 worth of Beckham's duds, which was en route to NYC, was hijacked at knifepoint in London over the weekend. [DM]

[via Kirk Larsen]

Every once in a while, a trend piece is groundbreaking in identifying a movement in a zeitgeist. The other 99/100 are inherently ridiculous. This is no exception. The Wall Street Journal has penned an investigation into "Heavage." Yes: men's cleveage.

Three out-of-work bankers are in for a treat! Steven Land Clothing is looking for a few new faces to represent the brand, and it's decided to turn to the city's pool of unemployed Wall Streeters to fill the positions. There isn't any money involved, unfortunately; the three men will get $500 worth of Steven Land clothing, which means whatever chance they have of landing a new job in finance will probably be shot if they show up in what may be the tackiest clothing you've ever seen (see above). But there's always a dollar or two to be made on eBay! The press release is below.

Parker, pictured with a mystery woman from his Facebook profile, ran a Madison Avenue accessories boutique, between socialite-ing. He was arrested for allegedly using stolen credit cards for designer purchases. He also funded a porn film called Trust Fund Sluts!

Fashion designer (and now "soulful" filmmaker) Tom Ford has worn the same signature uniform for years now, a custom-made black suit accompanied by a white dress shirt that's almost always unbuttoned halfway down his chest. Occasionally, he'll wear the tea-colored sunglasses he's long been fond of; and you'll never, ever find him baring his teeth in photographs. But that isn't the meticulous designer's only quirk: He always tips his head to the left "to highlight his best side." [NYT]

Men do not have breasts. But our chests are beautiful creatures in their own right, which is probably why the man-cleavage, or heavage, is taking America by storm. We are apparently in a new "golden age of male chest hair."

If you tuned into the American Music Awards the week before last, you're probably aware that not only did Jennifer Lopez fall on her well-insured backside during her performance, her latest single is all about Louboutin shoes. (It's called "Louboutins," surprisingly.) So what does the French designer make of the song? He's totally thrilled and totally flattered by it, of course. And he's extra pleased since Lopez called him in advance to make sure she was pronouncing his name correctly: "In America the public pronounces my name in like a million different ways. So Jennifer called me, and she was like, 'Listen, I want to make sure that I get it right.' And she did... from the very first time!" [FWD]

Barneys creative director, fashion guru, window dresser extraordinaire, and author Simon Doonan has been tapped by the Obamas to decorate the White House for the holidays. Best Christmas in DC ever? Quite possibly! Provided he steers clear of blood spatter this time around, that is! [NYT]

Alligator farmers in Florida are struggling, and it's not just because of the economy or even, you know, the vicious predators they farm. An evil luxury fashion brand is hoarding skins and distorting the market.

Lindsay Lohan has not been fired by fashion house Ungaro. Despite designing nipple pasties.

It a rare occasion when there's good Lindsay Lohan news to report, but today is one of those days. The CEO of Emanuel Ungaro, Mounir Moufarrige, says the fashion has no plans to drop LiLo as its "artistic adviser" even though her debut in Pairs last month was panned by critics and it's been rumored that retailers haven't exactly been lining up to carry the collection. Of course, the final decision is in the hands of Ungaro's owner Asim Abdullah—and he may not be on the same page with Moufarrige—but let's focus on the positive, shall we? [Reuters]

As if retailers weren't already panicky about Black Friday and the upcoming holiday shopping season, now they have worry about fire alarms sending shoppers to the exits. Racked is reporting a fire on Broadway south of Prince Street has forced Mango, Hugo Boss and Sephora to evacuate customers and employees. [Racked]

Despite the fact she had a baby, like, five minutes ago (and she still has some baby weight to lose, or so she says), Heidi Klum took to the catwalk at the annual Victoria's Secret fashion show last night, which returned to New York after a four-year absence. "I have to say, I wasn't sure until the last minute if I was going to do it or not. I kind of left it open. And then I thought, 'What the heck. Why not?'" [AP, E!, WSJ]

In what may be the clearest evidence yet that New York's real estate market is royally screwed, Ebay is opening a pop-up store on 57th Street tomorrow just a few yards from Louis Vuitton and Bergdorf Goodman. Fortunately, it won't be filled with junk that an old lady in the Midwest has been keeping in her garage for the past two decades. It'll be selling brand-new stuff (like Michael Kors handbags, M.A.C. cosmetics, and Anthropologie dresses), and the company says it will match whatever is spent in the store and donate it to charity. But if the idea of a Ebay store still horrifies you, do remember it's temporary. It will disappear from sight on November 29. [WWD]

Some people freak out when a bloodthirsty cameraman from TMZ approaches them, sticks a camera in their face, and fires off a round of zany questions. Tim Gunn handled himself with typical aplomb when a paparazzo picked up his trail at LAX yesterday.