Slouchy, holey sweaters dotted the fall collections of designers ranging from Erin Wasson to Tom Scott. Cheap Monday offers a casual take on the cutout trend with this loose, open-knit sweater. The arm-baring slashes add a twist to the classic crew-neck style, while the oversize shape makes it perfect for layering over jeans.

Debbie Sweater, $70 at Shopbop.com.