My friend Nansee wanted one thing, and only one thing, this Christmas. And it was this cashmere wrap. The price tag (originally $450) made us question whether she had lost her mind, until we actually went to Banana Republic and fondled said wrap."Heavenly" doesn't do it justice. Imagine your softest sweater ever covering your entire (preferably naked) body. Then imagine it on sale. It's still not cheap ($199.99), but a more attainable investment. And most definitely worth it.

Buy it online at www.bananarepublic.com.