Phillip Lim's blockbuster summer dress

Fashion editors' favorite white T-shirt dress with sculpted rosettes from 3.1 Phillip Lim's spring runway is stirring up a major shopping frenzy at Neiman Marcus, Nordstrom and Barneys New York. In fact, if you don't own the dress by now chances are you never will. It's that coveted, says WWD.

WWD brings the good news for those who missed the boat: "Lim wisely decided to cash in on the commotion, issuing a slightly updated tank version for the summer collection". But the wait-lists are filling up yet again... and that is why we love fashion biz, kids.

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