If there's one lunch we'd like to sit in on – besides the constant meals David Zinczenko and Michael Caruso continue to have at Michael's – it'd be today's Conde Nast extravaganza Si Newhouse Jr. is throwing for all his editors and publishers.

They're all being whisked off in a train of black sedans to the Four Seasons, where their meals could pay the salaries of a half dozen editorial assistants. Even the Fairchild flacks will be there, from Details' Dan Peres to Jane's Brandon "She's So Jane" Holley. They're bastard children no more. (Well, for those who don't work at Vitals.)

And while the assistants of the editors and publishers will have there own merry holiday event (at the, ahem, Conde Nast cafeteria), we can only concern ourselves with one hot button issue: What is Joanne Lipman wearing?

'Tis The Four Seasons [WWD]