Nylon obtained a first look at Mary-Kate and Ashley Olsen's latest fashion line for JCPenney, Olsenboye, named for their Norwegian ancestors and hawked on cupcake trucks. All items cost under $50, and include high-waisted minis, blazers, and hoodies — everything you need to host a sophisticated cupcake-baking party ... although there is the somewhat out-of-place neon graffiti tee, which reminds us of Louis Vuitton's Stephen Sprouse collection. See more of the line in the slideshow.

FIRST LOOK: OLSENBOYE [Nylon]