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Was Marc Jacobs listening to Joni Mitchell as he designed the latest Louis Vuitton collection? Probably not, but the catwalk centerpiece - a giant merry-go-round featuring all his models - certainly brought to mind the Circle Game lyrics, "The seasons, they go round and round, and the painted ponies go up and down." 

And this season's painted show ponies - named Anja, Sara, and Kate, naturally - wore white spun-sugar confections with giant eyelet laser-cut cottons, shredded lace, and lantern-shaped skirts. 

As for the must-have accessory this season, it may have been the transparent white LV bags, but we've got another theory:  Those Louis Vuitton tiaras are going to positively fly off the shelves.  (And hopefully into our closets - hello, Marc, help us out?)

Olivia Wilde

Joel Madden and Nicole Richie

Marc Jacobs and Kate Moss

Ruby Aldridge

A transparent catwalk bag.

A Louis Vuitton tiara

Alexa Chung