For years, Daryl K has been a cult favorite of downtown New Yorkers, who rely on her slim-fitting hiphuggers and comfy hooded sweatshirts as a sort of urban uniform. This season, Kerrigan's first with the newly formed conglomerate Pegasus Group, could mark her arrival as a fashion heavy hitter.

Kerrigan has always had a talent for mixing and matching street trends, and on this occasion she was at her best. Next Spring, young, trendy things will revel in her gold Lurex disco sweater dresses, so-sweet-yet-so-naughty sleeveless jersey tops, and sinfully scant running-shorts-inspired minis worn with hard-core mesh ankle booties. Other reworked '80s looks include a terry strapless dress, gold-chain-strap draped neck wrap tops, and gold mesh blousons accessorized with wide, low-slung leather belts.

Proving that she can creatively reinvent otherwise obvious references, Kerrigan showed a couple of brilliant canvas puff—not pouf—dresses with pleated tops and bunched skirts that owed more to Balenciaga than Lacroix. And, of course, there were also the trousers, the item that every (size 2) girl won't be able to live without: Daryl K's painted-on spinal pleat bootleg jeans in black, copper, and white canvas.