Leave it to Karl Lagerfeld to create a teddy bear that is imperious, lethally chic and yet totally endearing," trumpets the unwieldy September issue of W that came in the mail today. Only 2,500 of these limited-edition delights, which launch at Neiman Marcus next month, were made. We'd say it's a damn-fine likeness of Karl, save for the missing fingerless leather gloves. Each Karl bear costs $1,500, so start saving! Because before you know it, Christmas will be here and your child's empty stocking will be staring you in the face, begging for an alpaca teddy bear wearing sunglasses and "skinny lacquered jeans."
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