Fashion alert, new drip alert, whatever you want to say, it's here. Believe it or not, New Balance is releasing a loafer. Yes ...

Which, to clarify, is the proper name for the New Balance penny loafer of Instagram ... the silhouette made its debut on the Junya Watanabe runway at Paris Fashion Week back in January.

For one surprisingly warm New York City March afternoon ... TV: What is your absolute dream item? Rian Phin: Maybe Junya Watanabe Runway, the 2003 Spring parachute [piece] with all the harnesses ...

Brands like New Balance and Hoka bet on these hybrid ... including a limited edition Junya Watanabe collaboration, and they have sold out quickly. Now, brands such as Hoka are looking to ...