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You’ve heard of normcore? Make way for LOLcore, a decidedly goofy take on style defined by outlandish colour combos, quirky embellishments and a healthy dose of fun fur. Why is zaniness hot? Recent exhibitions such as the Design Exchange’s This Is Not A Toy (guest curated by the high priest of Happy, Pharrell Williams) and the Jeff Koons retrospective at the Whitney in New York made childish objects the focus of serious thought. Or maybe designers feel we just need a laugh. Levity doesn’t come cheap, however – some of Moschino’s fall 2014 sweaters cost upward of $800, meaning you’ll have to break the bank to crack a smile. Haw haw.

Georgiana Smiley clutch by Anya Hindmarch, $1,138 through www.luisaviaroma.com.

Lazy Oaf Fur Face jacket, £120 through www.lazyoaf.com.

New Era for House of Holland hat, $100 through www.net-a-porter.com.

SpongeBob SquarePants stars in Moschino’s fall 2014 collection.

Mon Amour necklace, $125 through www.venessaarizaga.com.

Marc by Marc Jacobs Ninja sneakers, $430 through www.net-a-porter.com.

Racoon iPhone case, $45 through www.katespade.com.

$10,000 A Day pillow, $165 through www.jonathanadler.com.