What you need to know this instant.

Ebay's new designer discount site, The Fashion Vault (and an amazing deal!)

Just when you think, "No, seriously, I can't find everything on eBay," the auction site rises to the challenge and attempts to prove you wrong. Its latest innovation is called the Fashion Vault. It's a new space for designer sale events--the kind you'd see on Hautelook or Rue La La-- and it offers original prices slashed up to 70 percent.

First up is a massive sale on Cole Haan outerwear ($800 leather coats for $395!). If you act fast (seriously, you have 18 hours, the sale ends at 11 a.m. tomorrow), you can also cash in on a special incentive for Lucky readers. There's an additional 30 percent off if you type in this discount code: CFASHIONVAULTN20.

We're completely lusting over this sleek lambskin jacket--which is, at $277, really and truly a total steal. Check it out.

What's with All the Spam in the Comments Section?

We're sure that you've noticed the flood of spam in the comments section lately. Spammers beware--we are completely on top of it. As we figure out a way to put a stop to this madness, we ask you for your patience and that you don't stop leaving your own comments, because we love hearing from you!