While we are well acquainted with her two famous older sisters, Mary-Kate and Ashley, Elizabeth Olsen has only just being introduced to us via a "new ingénue" spread in V magazine as a new Hollywood face to watch in their 'Discovery' issue out next week.

The 21-year-old younger sister of the twins has quietly been honing her acting skills studying at the Tisch School of the Arts in New York and as an understudy off Broadway. But she's just about ready to make her official film debut, starring alongside Gossip Girl's Chace Crawford and Catherine Keener in Peace, Love and Misunderstanding.

Watch this face.

© Mark Abrahams for V magazine.

It’s showtime! Grab the girls and hit the Sydney Opera House for some super-stylish theatre.

We love a night at the theatre – especially when it features a fabulous mix of homegrown talent and fashion.

So it’s no wonder we’re excited about the production of Love, Loss And What I Wore at the Sydney Opera House, which boasts a stellar Aussie cast, each dressed in super-chic LBDs designed by Carla Zampatti.

Mirrah Foulkes, Magda Szubanski, Natalie Bassingthwaighte, Judi Farr and Amanda Muggleton star in the show that explores the love/hate relationship women have with their wardrobes.

Nora and Delia Ephron – who penned the screenplays When Harry Met Sally and Sleepless In Seattle – have adapted it for the stage, based on Ilene Beckerman’s best-selling book.

Here, Nat, Carla and Mirrah share their own fashion-related memories.

NATALIE BASSINGTHWAIGHTE, 35

CARLA ZAMPATTI, 68

MIRRAH FOULKES, 28

Australian actors Jacki Weaver, Nicole Kidman, Geoffrey Rush and Toni Collette have all received nominations for the 68th Golden Globe awards overnight. Cue nationwide applause!

Jacki is up for the award for best performance by a supporting actress for her role in Animal Kingdom, which won 10 gongs at the AFI awards on Saturday, including a best actress prize for her. For the Globes win, Jacki is up against Amy Adams, Helena Bonham Carter, Mila Kunis and Melissa Leo.

Veteran nominee Nicole Kidman has been nominated for best actress for Rabbit Hole and, while she has our vote, she’s up against some tough competition in the form of: Natalie Portman, Michelle Williams, Halle Berry and Jennifer Lawrence. Natalie’s performance in Black Swan has had Oscar buzz surrounding it since the beginning, and everyone knows the Golden Globes are an Oscar dress rehearsal, no?

Geoffrey’s nom is for best performance by a supporting actor for The King's Speech and Toni’s for best actress in a television series for United States Of Tara, a gong she won last year.

Pen January 16th in your diary for red carpet watch, when the Golden Globes take place at the Beverly Hilton Hotel in Los Angeles.

Check out all the nominations here

Image: Nominee Jacki with Joel Edgerton in 'Animal Kingdom' (left) and Nicole Kidman (right).

Lara Bingle's bestie, Hermione Underwood, has posted a candid video of the two of them lip-syncing to US singer Jason Derulo's song 'Ridin' Solo' on YouTube. Jason was obviously flattered by the rendition, as he retweeted the link to it via Twitter.

Lara and Jason were briefly romantically linked when they met co-hosting the ARIA Awards this year and were spotted spending weekends together hanging out.

But perhaps he was just teaching her the words to his songs. Jason told a Brisbane radio station that Lara is "a very nice girl" and they're "just friends", Sydney's Daily Telegraph reported.

Watch Lara lip-sync below!

Image: Lara at the ARIA Awards (left) and Jason in concert (right). Getty.

Today the US Academy of Motion Picture Arts and Sciences announced James Franco and Anne Hathaway will co-host the 2010 Oscars in February next year. Apart from Anne (and maybe James), it's safe to say Anne's stylist Rachel Zoe is like the most, totally, excited!

Rachel and her now ex-assistant, Brad Goreski, dressed Anne for last year's Oscars red carpet and on-stage appearance, but not without some Rachel Zoe Project-style freak outs.

The silver Armani Privé gown Anne wore on the red carpet was originally rubbing on her back. And Brad was stressed it would leave a horrible red mark visible when she changed into her costume to perform with Hugh Jackman in the opening number of the awards ceremony. Eeek!

But as with all fashion fairytales the styling went off without a slip. "Annie looks gorgeous," Rachel said as she watched Anne walk the red carpet. "Her body in that dress is out of control … Annie looks mind-blowing."

So will Rachel take on the job of styling Anne for the hosting gig? Not only is Rach without her sidekicks Brad and Taylor "Tay-Tay" Jacobson now, she will also be heavily pregnant so the pressure will be on. But, something tells us RZ won't miss out on this styling op!

Image: (Above, from left) Rachel Zoe, Anne in the Armani Privé gown at the Oscars and Anne on stage with Hugh Jackman.

That was quick, Miss Chung! Shortly after her MTV show It’s On With Alexa Chung was cancelled, Alexa is set to make a return to the small screen.

The Times Style Section reported that Alexa’s new TV venture will be all about teaching Americans how to get thrifty with pre-loved clothing and dress like a totally-cool hipster al la Alexa.

London 'it' girls

New York City 'it' girls

Her new show will be called Thrift America and “will comb the country's consignment shops, garage sales and flea markets for old clothing and other potential treasures to use in creative endeavours… Think of it as Antiques Roadshow meets the foodie romp Anthony Bourdain: No Reservations," reported the paper.

In the Times feature, Alexa also revealed her main fear about being a London gal-at-heart on American television: “I’m going to America and they’re going to try and make my hair shiny and I don’t want it. I want to look like Kurt Cobain,” she said. “All of my beauty icons are men.” Well, if Alexa says it’s so hot right now…

Image: Teach us how to dress like you Alexa! Getty.

Olivia Palmero barely gave us a moment to miss her! Almost immediately after MTV announced the cancellation of The City, the reality TV starlet revealed she has another venture up her designer sleeve: her very own show.

New York City 'it' girls

“I’m currently working on a TV project…my own show,” Olivia announced via www.elle.com. This is all the info she has dished at the moment, so no word whether she will be playing the good girl or villain on the show, or if Lauren Conrad will be making an appearance (as if!).

In the meantime, Olivia and her (ridiculously-gorgeous) BF have been promoting and modeling in Mango’s S/S 11 campaign in New York and, you know, attending cool parties around town. Sigh.

First Look: Olivia Palermo for Mango

Image: Olivia Palermo and boyfriend Johannes Huebl attend the launch of Mango's spring/summer 2011 collection at the Palacio de Cibeles on November 16, 2010 in Madrid, Spain. Getty.