Isabel Toledo for Payless Fall 2010 Ghillie rubber-tread patent lace-up heel

Isabel Toledo's Ghillie shoe, available at Payless. Photo courtesy of Payless

The fashion world was aflutter when news broke in March that Isabel Toledo (aka, a first lady favorite) would be designing an accessories line for Payless. We've sat wondering what creations the adventurous designer would dream up, and now, we've got a sneak peek.

From fur-adorned boots to on-trend ankle booties and demure satin-bow-topped heels, Toldeo has created a full range of footwear.

The Chicago-based designer created the Ghillie (above), a rubber-tread, patent lace-up heel, especially for French boutique Colette (they're already on sale there).

"The Ghillie shoe is an important design originating from Scotland as a smart shoe for walking the wet and muddy countryside. I love the Ghillie because it's unique and practical," explained Toledo in a release. "They complement the daring urban gladiator leg or a discreet workers' pant."

But don't start researching international shipping rates to scoop them up from Colette just yet: Upon surfing payless.com, we found four styles tucked away and available now. The complete collection hits stores Sept. 7.

This is the first collection Payless has offered at another retailer. The limited-edition, exclusive Colette zig-zag-heeled wedge soles come in blue, red, and winter white, as well as yellow (the Payless version).

In addition, the collection will include three handbag styles available in late September.

Isabel Toledo Payless collection Fall 2010 heel red bow

A festive heel from Isabel Toledo's Payless collection, available in Spetember. Photo courtesy of Payless

Speaking of Colette, read what Hermès has planned with the Parisian boutique.