Blake Lively Gives Good Gossip

Blake Lively
Photo: Getty Images

Hordes of rich famous people arrived at the Lexington Avenue Armory last night to shop Seventh on Sale, where money spent on donated designer goods goes to charity. Among the first to arrive to get the good stuff were Gayle King, who brought walking shoes in her purse to change into post–photo op, and Tommy Hilfiger, who was there to shop for his girlfriend. "I could shop, but I don't know what I would buy," Hilfiger said. "I'll buy whatever she wants." Gossip Girl Blake Lively planned to call her business manager to find out her spending limit. Looking adorable in a bright-yellow dress, she was jumping up and down with excitement when we asked her what she wanted to buy (a handbag! Oh, to be a pretend-teenager again). We detained her for a bit more dish about how she researched for her role on the greatest show of all time. She said Gossip Girl's creator Josh Schwartz recorded interviews with real-life Upper East Side girls. And she got to listen to the tapes! Which story resonated most? "One of the girls, her father was a big investment banker or something. And he was in a meeting with another man, and this man was going on and on about this hot young girl that he'd been dating and hooking up with. And it ended up being this investment banker's daughter," Lively said. "She got in a lot of trouble. The guy was like 42." Gasp! Ewww! What happened to the guy? "A slap on the hand basically." Um, thank God we have the show, then, where something like that would be rewarded with a slap and a hand job. From a teenager. —Amy Odell

To find out what Marc Jacobs, Parkey Posey, Dita Von Teese and more said at Seventh on Sale, read Party Lines.

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Earlier: The entirety of our giddy Gossip Girl coverage