Mary-Kate and Ashley Olsen are selling their new clothing line for JC Penney, olsenboye, out of an ice cream truck parked in Union Square on a rainy, cold October morning. I don’t get it, but what the hell do I know? [New York City, 10/28/09]

Mary-Kate and Ashley Olsen have a long way since their days of cheap-o Wal-Mart fashions. And were it not for the serious success of their high-style line, The Row, the news that they’re now designing a juniors line for JCPenney might have been laughed off as lame mall trash. There’s little info on this JCPenney collaboration other than that the range will be called Olsenboy (menswear inspired, perhaps?). Sadly, a “juniors” line would mean that in order to fit into the styles, we’d either have to bring our 14-year-old selves back form the past, or lose some 100 pounds. Target, can you please sign these ladies up for a project? [NY Mag]

There’s also some highbrow news for the Olsens—this week the twins were inducted into the Council of Fashion Designers of America (CFDA), joining talents like Alexander Wang and Jason Wu. Well done. [NBC’s The Thread Blog]

Last night I showed up at the 92nd Street Y in New York City, to witness Washington Post fashion writer Robin Givhan and designers Isaac Mizrahi and Ashley Olsen participate in a panel discussion on the future of women’s fashion led by Glamour editor-in-chief Cindi Leive.

With the economy stuck in a recession for more than a year now, the fashion industry has had to make some adjustments and even start new initiatives, like last month’s Fashion’s Night Out, to get people interested in spending again. So, what do these insiders think about where fashion is and where it’s going? Keep reading to hear what they had to say.

Sometimes we feel like Us Weekly‘s “The Fashion Police” and other similar style critics can be a tad harsh. Also, they tend to have these really boring, conservative styles and we have to wonder what their real fashion credentials are. (Case in point: US Weekly‘s “Top Cops” include random comedian Stefanie Novik and Chet Cannon of “The Real World, Brooklyn.” When did they ever go to design school!?) The Fashion Peacekeepers are here to say, hey, can’t everyone’s styles just get along?

Oh you Fashion Police! You’re so ... predictable. Of course they hate the way Mary-Kate and Ashley Olsen look at this Opening Ceremony party in Japan and added them to their lineup, but we beg to differ. First off, let’s think of the context here: like it or not, Opening Ceremony is a hipper-than-thou avant-garde kind of boutique that’s all about experimental fashion. (If you don’t believe me watch this highly entertaining video starring Chloe Sevigny.) Second, this is Tokyo, where lots of young folk pop similar “fun” headgear on their heads the minute they step out of the office in the evening. Believe me, they just earned, like, 10 million cool points from their Japanese fan base. Thirdly, they just look downright cute. In summation, we’re pretty sure their inspiration was our recent post on how wearing animal ears is the hottest new thing. We called that shiz over a month ago. [E!]

Between Mary-Kate‘s bag-lady hippie style, Ashley’s newfound sophistication, and those fun-in-a-traumatic-way memories of the Tanner twins, it’s kind of hard to think of Mary-Kate and Ashley Olsen as legitimate, serious designers. Perhaps that’s why we’ve more or less ignored The Row since its launch a few seasons ago. But, all of a sudden, every big fashion person and their mother, from New York Times fashion critic Cathy Horyn to Barney’s New York director Julie Gilhart, can’t sing The Row’s praises loudly enough. So we’re finally listening. And kicking ourselves for being dismissive for so long.

We browsed The Row’s early fall offerings on Barney’s site and, though pricey, we now understand why everyone’s saying their sales will jump 30 percent this season. Check out a few of their classic-cool best pieces after the jump. Could they actually be celeb designers that we’d want to encourage?

Are the Olsens experiencing “fashion fatigue”? Yesterday, we saw how Mary-Kate has been looking more hobo than boho. Now Ashley, the more serious style maven of the two, admits she may be looking to leave the fashion world and her luxury line, The Row. According to HollyScoop.com, Ashley recently stated:

“(In the fashion world) everyone is just really looking out for themselves. I don’t know if I’ll be designing this collection forever. A couple of years from now, I’m sure I’ll want to do something else, and I’m not going to shy away from that. What if I just want to be an artist, or if I want to go back to acting? Which is not in the cards, but what if I wanted to do that?”

Sounds to us like Ashley may just be a bit worn down, and we don’t blame her! (Managing a clothing label, all the other Olsen properties, and heaving around a venti Starbucks latte 24/7 must be exhausting.) But let’s face facts—even if Ashley were to “leave” fashion, she’d have to fall off the face of the earth. Ashley is already too great a style icon to stop influencing trends, even if she stops producing the clothes you can buy to rock those trends. [Wait, do you guys consider Ashley a “style icon”? Personally, I do not, but maybe that’s just me?—Editor]  [HollyScoop.com]

John Stamos is bringing down the house…more like “Full House.” The sitcom’s star is working on a plan to bring Uncle Jesse and the gang back to the big screen for a “Full House” movie, but don’t expect Ashley and Mary-Kate to take turns sucking on a pacifier. Stamos is recasting the show for the film version, which he told The New York Daily News “would probably take place in the early years of the sitcom,” which graced TVs across the country from 1987 to 1995. Stamos hopes James Franco will slick up his hair and take over his role as Uncle Jesse. He’d love for Steve Carell to channel Bob Saget as papa Danny Tanner, and for Tracy Morgan to get goofy as best friend Joey Gladstone. After the jump, some of our suggestions for Stamos and whatever lucky writer gets to pen this script.

After years of matching outfits, Mary Kate and Ashley Olsen have made quite a stink about being “individuals,” which often means that their style choices are entirely different. Such was the case at last night’s premier of “The Hangover” in L.A,. with Ashley looking glam and sleek in a floor-length black dress and Mary Kate looking like a particularly fashionable, ‘70s-influenced bag lady. That said, Mary Kate’s multi-textured, heavily-accessorized outfit certainly did have a look to it, even if everything together felt like a little too much. Learn how to steal their respective styles after the jump…

In her autobiography, Cloris Leachman brags about bumping uglies with Gene Hackman.

“As we moved into the main course, it was as if a cosmic wind enveloped us. Some giant space magnet was pulling us together. We didn’t finish the meal. We went upstairs, flew into bed and made love. It was epic… I remember well the feisty lad he was.”

Whoa, down girl! Sometimes celebs just don’t know how to keep their big mouths shut! But Cloris isn’t the only star who’s screwed someone strange. Hollywood has a whole history of odd hookups.  Here are some of the most shocking… [via Huffington Post]

According to a Swedish study, three cups of coffee a day will make your boobies go away.  So, in Page Six magazine yesterday, I debated the dilemma with a swimwear buyer for Victoria’s Secret, Courtney Alexander.  I proudly proclaimed I’d skim a little off my bra size to keep my morning pick me up. However, I felt bad for the coffee-and-A-cup-combo pictured with the article, poor lil’ Ashley Olsen. Now, there’s a rumor circulating that Ashley wants a boob job, and is trying to drag Mary Kate under the knife too. Somebody call Uncle Jesse to talk some sense to these babes!

Not like we haven’t already seen Lindsay Lohan’s whole kit and kaboodle thanks to the paparazzi, bottle service, her refusal to wear panties, and that little Marilyn Monroe-inspired shoot for New York. But Playboy just offered the hottest lesbian in Hollywood $700,000 to pose nude for their magazine. Surprisingly enough, Lohan said “NO!” It’s amazing how love can change a girl. I can’t tell if this decision was brilliant or a bomb, but here’s how other stars have fared after telling Hugh Hefner to bug off, plus fifteen stars who’ve said “Yes” to Hef and have seen their stars sky rocket—and tank.

Studly swimmer Michael Phelps is on everyone’s lips, yet shockingly still single.  Although he shares a close relationship with his mama, the athlete has put off his personal life to become a well-trained machine. As the Olympics come to a close, Michael has broken records, but no one’s heart. So, now that he’ll have some free time, here’s who The Frisky thinks he should test the waters with:

America Ferrera: The sweetheart star of Ugly Betty, Phelps could easily just say he won all those gold medals for this America! Smart and successful, with a bright smile to match his—Ferrera could give this swimmer something to hold onto.

Apparently, to get their signature pouty look, the Olsen twins say “prune” instead of “cheese.” Catherine and I decided to test this theory and, after many takes, came to a few conclusions:

1. They probably don’t say it out loud, because that is weird and it also would make any normal person laugh.
2. In fact, we think just thinking “prune” makes your cheeks suck in.
3. No matter what we do, we don’t look like the Olsens. [MSNBC]

The CFDA Awards are one of those events where only cool, connected people get invited to celebrate designers who make clothes those of us who aren’t invited can’t afford. Sounds like fun! Last night’s party brought out the big guns—Maggie Gyllenhaal, the two Evas, and the ever present Posh Spice. Tons of pics, after the jump…