I think just about everyone has dreamed about owning a J Crew pencil skirt (no? just me? ok fine. I dream about owning a J Crew pencil skirt). Wonderful fabric, fit, and the best part - the colors!!! See it worn by other bloggers here: 1, 2, 3, 4, 5)
Target has an inspired by look for less - different material, but very similar color at a fraction of the price!!