Since launching his eponymous label in 2007, Alexander Wang has been at the forefront of fashion's obsession with muted color palettes, unique silhouettes, as well as leading the charge to close the gap between "high fashion" and "streetwear." Now, the Parsons alum has been tapped as the latest designer to collaborate with mega retailer H&M, which in the past has worked with the likes of Isabel Marant, Versace and Maison Martin Margiela. If nothing else, this further solidifies Wang's status as one of the most important designers of the modern era and has even larger implications surrounding the business of fast fashion and its relationship with the world of couture. Announced via this short Instagram clip that hints at heavy basketball inspirations, Alexander Wang x H&M is set to drop November 6. Finally, you'll no longer have to "spend everything on Alexander Wang." Just, like, a couple hundred bucks if you finna go all out.