It's not like they're competing in jousting tournaments or anything, but people still routinely get knighted in in the UK. (Sir Elton John, Sir Paul McCartney, Dame Judy Dench, etc.) It's apparently a great honor (though, to be honest, I'm not sure what all the fuss is about).

These days, most people receive a knighthood or ladyship if they've made a significant contribution to British culture and society, but sometimes they get picked just because the Prime Minister has a big fat crush on them. This was the case with the most recent appointment to ladyshiphoodness: Victoria Beckham.

Unless you spent yesterday in a cave, you probably know that Tony Blair has now officially left office as Britain's Prime Minister. In keeping with tradition, he got to nominate whoever he wanted for knighthoods and ladyships on his way out (sort of like presidential pardons in the US) -- and, much to everyone's surprise, Victoria Beckham made the list.

Technically, the Queen could veto the appointment, but that never happens, so -- short of some unforeseen catastrophe -- your favorite fashion icon will now be Lady Victoria. Or Lady Posh. Or Lady Becks. Or something.

Just in case she wasn't already full of herself.