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ESC: Hailey Baldwin, 5 days

Tal Rubin/GC Images

When we say every celeb owns this coat, we're not exaggerating. 

Saint Laurent's gorgeous $2,390 varsity jacket is making its rounds in Hollywood. No joke. Everyone from Hilary Duff to Ellen DeGeneres has been seen wearing it.

For all the proof you need, keep scrolling.

It's no wonder Hailey Baldwin is fashion's favorite new It-girl, the gal's got style and she takes risks, too. Sure she's wearing a typical LA-girl uniform in her cutoffs, booties and crossbody bag, but what you'll soon find out is she's the only one willing to wear color. When it comes to expensive investment pieces, going with a neutral is a no-brainer (everyone knows you'll get the most mileage out of black). That's why, when we saw the model rocking green, we had to give her some props.

ESC: Hilary Duff, 5 days

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This famous mom-on-the-go kept it practical in leggings while bringing out her inner cool girl by throwing the jacket over her shoulders. When it comes to style, Hilary knows it well.

ESC: Gigi Hadid, 5 days

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Gigi Hadid puts the varsity in varsity jacket. In all-black-everything and comfy fabrics, the model-off-duty looked sleek in this athleisure look. 

ESC: Cara Delevingne, 5 days

Neil Mockford/GC Images

Cara Delevingne, when she's not walking the runway, gracing the covers of the hottest magazines or hitting up red carpets to promote upcoming films, is pretty laid-back in the wardrobe department. And this look takes that theory to a whole other level. The model-turned-actress stepped out in what seemed to be her pajamas, proving an expensive varsity jacket like this YSL one can really elevate any look. Just look at her! 

ESC: Ellen DeGeneres, 5 days

Kevin Mazur/Getty Images for SAINT LAURENT

If there's one person in Hollywood with a consistent closet it's Ellen DeGeneres. Her signature style is timeless and ageless, so when she stepped out with wife Portia De Rossi wearing the jacket, it proved the garment is too.