By Judy Gordon, Style Editor

It's a brand new season -- so much to buy but so little time! No need to panic... we've made shopping easy with this "cheat sheet" - a guide to the top five fall trends. So update your wardrobe with something plaid, a few new layers, some modern menswear, a great sweater dress and maybe even one of this season's new shapely dresses or capes. It's all right here in the latest edition of The Trend Report!

Ralph Lauren/firstVIEW

Mad for plaid
The fashion world has gone mad for plaid -- the print of the season! There are many ways to wear it -- from classic British tartans to more mod-inspired bold graphics. It's a no-brainer no matter what your style is! Make it modern (not old school) with a swingy plaid skirt, a fitted jacket, a great cape or a sexy silk blouse -- and wear it with everything you own. Instant update!

Trend tip: Fashion forward trendistas will love a short, pleated plaid skirt (a la the kilt) worn with solid leggings. Or reverse the look with a pair of tartan plaid leggings (really!) paired with a solid skirt and boots.

Layer it up
This fall it's all about layers, but there's a trick to keeping your look slim and polished. Go for lightweight fabrics and lean silhouettes such as cigarette pants, a pair of second-skin jeans or a pair of leggings worn with a slim or softly pleated skirt. On top, layer a sweater or two over a blouse, then throw on a jacket or cape for a splash of show-stopping style. Love it!

Trend tip: The true trendista will love playing with layers of knits in a palette of related colors such as shades of grey or brown. Throw in a few interesting textures such as tweed or lace to add a touch of luxe.

Shape shifters
There are a few feminine new shapes in town that add instant style to your wardrobe. On top, we love the full, swingy cape as fall's must-have outerwear piece. You'll also find jackets and tops designed with that same swing -- they look great paired with slim bottoms. And, while it is not for everyone, we must mention the ultra-trendy "bubble" skirt that starts out full from the waist and narrows to a slim band at the knees to create a (you guessed it) genuine bubble. It's surprisingly flattering in a fluid wool jersey dress or skirt, so give it a try!

Trend tip: The bubble is truly a trend that will quickly pass, so don't make a huge investment. Hit your local department store or specialty retailer to pick up a "cheap and chic" version that you'll retire come spring.

Sweater dressing
Remember the '80s and all those fabulous, easy sweater dresses? They're back! Even if you don't recall the go-go decade, you can still indulge in one of the hottest trends of the season -- sweater dressing. Your investment could be as simple as a wonderful knit turtleneck dress that you'll wear with dark tights and boots for a very chic update. Or you could go all out and play with layers like tunics, cardigans, skirts and those must-have leggings. And don't forget the sweater coat -- another oldie but goodie that looks brand new this season.

Trend tip: If you do play with knit layers, be sure to create a shape for yourself by wearing a wide leather, suede or even a chain link belt (remember those?) at or right below the waist.

Boy meets girl
Menswear-inspired looks are a staple for so many women, whether you simply love the classics or you're working your way up the corporate ladder. This season, menswear gets a sexy twist with figure-flattering, slim tailoring and a range of feminine accessories. The fitted jacket and slim skirt are your base -- opt for pinstripes, flannel, tweed, houndstooth or a trendy plaid. Then "girl" it up with a great cotton shirt (ruffles are A-OK), a leather belt, boots, gloves and a chic little clutch handbag ... nice!

Trend tip: The trendista will love all the new shapes styled in menswear fabrics from a versatile shoulder-baring cropped jacket to the bubble skirt.