Alexander Wang has quickly risen in the ranks of fashion stardom with his effortlessly chic T-shirts, brazen boots, studded handbags, high-impact fashion shows and… well, the list goes on and on really— but we will spare you the embarrassment of the drooling mess that you inevitably become at the mention of any of his luxury products (don’t worry, we are right there with you.) As if this designer's star couldn't get any brighter, according to market sources, Wang was just named as the new creative director for the PRP-owned fashion house, Balenciaga; pause for those fashionistas out there that just fainted.