The pleated skirt was made from panels of leather and lace, treading the line between hard and soft.

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Expect more of recent seasons' ladylike silhouettes with a sense of ease from a pleated skirt, with a sweatshirt tossed over it, to slim ankle pants and sleek, linear gowns.

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Cast after Walt Disney saw her at a dance recital, she appeared in the Mouseketeer uniform of mouse ears, a pleated skirt and a turtleneck sweater emblazoned with her first name, and captivated young viewers with her wholesome, girl-next-door appeal.

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Right now, investing in the art world is as chic as a pleated skirt and chiffon blouse, but those on the receiving end of the generosity might do well to remember the golden rule of fashion: today's Big Thing is tomorrow's Big Yawn.

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