According to the research whizzes over at Chicago-headquartered Euromonitor International, the venerable Liz Taylor still leads the pack in U.S. fragrance sales, bagging $67.2 million in 2008 for her White Diamonds scent, first released in 1991 by Elizabeth Arden. (Diddy trailed Taylor by nearly $20 million, with 2008 sales of $48.5 million.)

Other scent-sations include Sarah Jessica Parker's Lovely, Derek Jeter Driven and Glo by J.Lo. Any surprises? Well, the polarizing Celine Dion ranked third, inching out SJP by a little less than $1 million. And, somewhat puzzlingly, Antonio Banderas made the cologne cut, too.

America's Best-Selling Celebrity Scents

1. Elizabeth Taylor White Diamonds
$67.2 million
2. Sean John Unforgivable
$48.5 million
3. Celine Dion
$26.4 million
4. Lovely by Sarah Jessica Parker
$25.7 million
5. Derek Jeter Driven
$24.1 million
6. Diavolo by Antonio Banderas
$18.8 million
7. Glo by J.Lo
18.5
8. Curious by Britney Spears
$14.3
9. Fantasy by Britney Spears
$10.1 million

Fascinated by Taylor's celebrity staying power? Check out our exclusive Q&A with the film legend.

The stock market's wild ride over the last decade may have captured the headlines, but the fashion world saw plenty of ups and downs that could rival any bull market. There was fast fashion at H&M and Zara, not-so-model supermodel behavior from Ms. Moss, and even a First Lady with a dream closet. Of course, we can't forget the glut of celebrity-designed fashion labels, the rise of the Olsen Twins as hobo-chic style icons and the sentimental departures of such industry stalwarts as Yves Saint Laurent and Valentino.

As we look back on the last 10 years, there's one thing that can't be argued: The fashion world knows how to have fun. Here's to another decade of innovative undergarments, couture-inspired television shows and powerful personalities.

Check out our gallery below to see fashion's wildest scandals and proudest moments of the decade.

There's an app for that.

The fashion magazine just launched the Elle Shopping Guide, available on Apple's iPhone and iPod Touch, which includes a roster of "Top Shops" handpicked by the stylish staff.

Plus, the app also features coupons and other incentives from retailers like Diane von Furstenberg, Intermix, AG Adriano Goldschmied and Kiki de Montparnasse.

Much like Lucky's iPhone app -- which uses GPS to find items you're looking for by location -- Elle's "Offers" section will be delineated by city. Right now, the feature works in three cities -- New York, Los Angeles and San Francisco -- but the team over at Hachette Filipacchi, Elle's publisher, says that more locations will be added in the near future.

For more on mobile shopping, take a look at the new apps from Yoox, Ralph Lauren and Gucci.

There may have been some legendary missteps, but all in all, the red carpet got a whole lot sleeker this decade.

"The biggest trend was non-crazy, Old Hollywood-inspired gowns," says personal stylist Allison Berlin, who runs the New York-based Style Made Simple. "Today, the look is almost always beautiful, but it's also very safe."

That has a lot to do with the proliferation of stylists, who became celebrities in their own right as the decade progressed. (Remember, back in 2002, we hadn't even heard of Rachel Zoe.) "When you have a whole team of stylists, it's hard to not to look good," says Berlin. Katherine Heigl's Escada stunner at the 2008 Academy Awards exemplified the trend, while Bjork, in her infamous swan dress by Marjan Pejoski at the 2002 Academy Awards, defied it.

Other memorable looks, for better or worse, include Michelle Williams at the 2006 Academy Awards in a buttercup yellow Very Wang gown and Britney Spears and Justin Timberlake at the 2001 American Music Awards in a matching denim gown and tux.

So, in the Naughts, most red carpet choices were either safe or...ugly. Yet as we move into the next decade, it seems that more celebrities are experimenting with high-fashion. Even All-American girl Reese Witherspoon has embraced the avant-garde by wearing "it" designer label Rodarte, proving style doesn't have to be boring to be beautiful.

"I think the public is yearning for a more interesting red carpet," says Joanna Manganaro, the women's editor at New York-headquartered trend-tracking firm Stylesight. "Designers like Gareth Pugh and Alexander McQueen are definitely influencing Hollywood." Here's to high-fashion--and fun--in 2010.

Want to create your own holiday dress this season? There's no sewing required -- just efficiency with a marker.

Dutch graphics master Michiel Schuurman partnered with fashion designer Berber Soepboer to create a limited edition "coloring dress" that allows the wearer to fill in the blanks with fabric markers.

There are 50 dresses available -- in sizes small through extra large -- for about $360 (price may vary slightly depending on where it's being shipped). And, yes, it comes with a rainbow set of markers.

While the frock's flattering '50s-inspired silhouette adds some sophistication to an otherwise wild style, there's no doubt you've got to be bold -- and creative -- to wear this ensemble. (It's definitely a good conversation starter.)

Think you're up for the challenge? Email soepboerschuurman@gmail.com.

And for more DIY projects, peruse our crafty column.