A look from the Rodarte Fall '09 Runway. Photo: Chris Moore, Catwalking/Getty Images

Our fashion prayers have been answered!

Today, Target announced that Rodarte, CFDA Womenswear Designer of the Year winner and sartorial sisters, Kate and Laura Mulleavy, will be creating a 55-piece collection for the mass retailer's Go International series, set to debut December 20.

Celeb fans of the line include Emma Watson and Kate Bosworth (who hosted a private dinner for the designers), just to name a few.

While the jury's still out on whether or not we can score their signature tinsel-y frocks for next to nothing, the price range will run from about $9.99 to $79.99, reports WWD.

Rodarte is the latest fashion darling to collaborate with Target on a low-priced line, following in the footsteps of designers including Carlos Falchi, Thakoon, Alexander McQueen and Anna Sui, whose "Gossip Girl"-influenced line hits the hangers on September 13, despite rumors to the contrary.

Finally, fashion our wallets and closets can live with!