As StyleList previously reported, Dior tapped spooky film director David Lynch ("Mulholland Drive," "Blue Velvet," "Twin Peaks") in December to write and direct the newest installment of its mysterious short-film series.

The result, "Lady Blue Shanghai," art directed by John Galliano and starring Marion Cotillard, face of the Lady Dior handbag, has now arrived.

A follow-up to the cryptic "Lady Noire Affair" short (see it in full here), the eerie new 16-minute film opens in hazy Shanghai, where Cotillard, clad in a sharply tailored Dior skirt suit, returns to her hotel room to find music blaring and a sapphire-hued Lady Dior patent quilted handbag sitting in the middle of the room. (Oh, if we could all be so lucky!)

The bag starts to emit smoke and light, freaking out Cotillard's character, who calls two security guards to investigate.

Once they start questioning Cotillard about her own comings and goings, she admits that within the last 12 hours she was somehow transported back to old Shanghai, where she met a tall, dark, and handsome Chinese man, and fell in love.

For the flashback, Lynch created a succession of trippy, out-of-focus frames, one in which the highly coveted Lady Dior handbag floats out of a billboard.

Back in real time, Cotillard is coaxed into opening up the handbag, which reveals a single blue rose. And there the film ends, as mysteriously as it began. (See our preview clip above and watch the film in its entirety at ladydior.com).

In addition to lensing this latest film in Shanghai, Dior also chose to show its 2011 Cruise Collection, inspired by the French cinema movement Nouvelle Vague, in the skyscraper-studded Chinese metropolis this past weekend.

Cotillard wore a Dior pale yellow silk georgette dress with Dior shoes and clutch, and fellow guest Charlize Theron wore a Dior silver lamé bustier dress with Dior shoes, clutch, and necklace.

To see the pastel-heavy collection, which pays homage to Brigitte Bardot, Jean Seberg, and Francoise Hardy, head here.

In the meantime, see which other iconic French house made a big statement with Resort 2010.