Target and Neiman Marcus collaborate on a collection of must-have gifts

We're used to Target's designer collaborations.

They're fun and have a way of introducing many of us to names and looks we might not otherwise be able to afford.

But the limited-edition Target + Neiman Marcus Holiday Collection -- which debuted Saturday in Target and Neiman Marcus stores and at and -- is something altogether different.

The collection includes the work of 24 designers -- Jason Wu, Alice + Olivia, Tracy Reese, Thom Browne, Judith Leiber and more -- who have contributed everything from a lunchbox to a yoga mat to party dresses and purses.

It's been highlighted during the deliciously dangerous nighttime soap, Revenge.

It's got fashionistas everywhere drooling and has had the blogosphere buzzing for months.

So here's a look at what everyone is talking about.

And a word of warning: If you're going to shop, shop early. This stuff is going to go fast.