I think it's the latter and I think I like it. Alexander Wang wins this one for the sheer panels and because it actually says "Parental Advisory" rather than "New York Advisory."
As for this collection overall, I wasn't crazy about it, but I mean this more on a personal level than a "this is terrible garbage" level. What can I say? I'm just not into the pajama thing. Or the big heavy leather and denim jacket thing.
I do think these are cute though.
I sound like I'm being pretty simplistic about this one, but I think it's because these are casual, wearable clothes rather than ones where I can say, "Oh, well it's just for the art of it" or "I mean, it'd be awesome for so and so to wear to the Grammy's." Runway fashion is weird in that way. It asks you to be judgmental and also forces you to choose your own personal criteria to use to get to that judgement.
Then it makes you consider buying a Forever 21 shirt that says "New York Advisory" just because you get a little something from a connection you made.