So I know this isn't a new trend, but I can't seem to pull myself away from swingy strings (witness here and here). I love the way fringe moves- on a purse, on boots, on dresses, etc. And what better to wear to your holiday parties? It's as happy and lively as a reindeer jumper or santa aplique sweatshirt... and at times (meaning, always... except perhaps when said jumper is worn by a certain gentleman) sexier.
I've just bought a cheapie fringe shift from H&M, whilst lusting after all below:
Balmain has been fringey for a few seasons now. Above is from Fall RTW 08.
My personal favorite at the moment, Alessandro dell' Aqua... something to do with the combo of belts, boots and fringe (Spr RTW 09).
A bit more avant garde: Ann Demeulmeester sandwiched by Jil Sander (Spr RTW 09).