As you might have noticed, we've been intrigued by varsity jackets for a while now—well, the updated ones, anyway. Our most recent favorite? This one from Junya Watanabe's fall collection. There's no denying the thinking that went into it: From the ribbed shawl collar and snap buttons to the extra-heavy felted wool, it's every ounce a varsity while still remaining distinctly a blazer. The downside, of course, is sticker shock—it retails for $1,500. Even more shocking? Despite the economy, it's sold out everywhere in New York save Bloomingdale's.