CAPE FEAR The evergreen fashion conundrum: Will it be passe before you pay for it? Last year's shoulder-hugging shrug is as good as donated. This season the cape is back, but not as we knew it: ponchoesque, snug, midriff baring (perfect for that elusive frozen-tummy, toasty-collarbone feel). There's even a summer cape. Trade it in for a new shrug come next year.
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