The really sad thing is that the placement of those holes still look machine made. So not only are you wearing something that you might otherwise use for dusting the house, you look like a poser as well.
There's a small piece in this month's Lucky that says to get distressing in your t-shirts you should wash them with small pieces of concrete (available at Home Despot). Yeah, that's a good idea -- punch holes/make dents in your washer's drum to get some holes in your T. I don't understand this trend.
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"I base most of my fashion taste on what doesn't itch." - G. Radner
Honestly, I don't like it too, still looks like an old torn T-shirt. However I can explain the price: high quality cotton & those holes are hand made...it seems like nothing, but it takes time of marking & "correct" ripping:)