The first lady, Michelle Obama is "THRIFTY" too!!

Turns out the first lady is again making fashion news as she will be rocking a thrift store dress on the special.

The "couture" black-lace overlay frock, featuring a high, square neckline and a full skirt was plucked from New York Vintage in Chelsea, a trendy neighborhood in NYC.

The NY Post reports, "The secondhand 1950s piece -- believed to be the first vintage dress worn by a first lady to a public event -- was made by American designer Norman Norelli, who died in 1972 and was among the most influential designers of his time."

The store's owners would not say how much the first lady paid for the dress, but one estimate for this hand-me-down was $2,500.

Vintage owners know there's a difference between vintage and "thrift". But the media of course took the "thrift" edge and ran with it.

Regardless, we now all have permission to raid our grandparents' closets as vintage clothing is now even more the "new" new. (www.ybf.com)

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