The news we all dreaded to hear is finally upon us: The Members Only Jacket is making a comeback.

According to the Daily Candy blog, the New York City boutique Henri Bendel is stocking the jackets again ... this time in some interesting colors -- black, white, cognac (tasty!), chocolate (yum!) and metallic gold leather (ok, just freaky).

Lord knows I'm a sucker for anything 80s, but I draw the line at the fashion of the era. Unless someone knows where I can get a "Frankie Say" t-shirt, because that would be valuable information.

In case you're wavering on this one, the price tag should deter you. Wait for it ... a Member's Only jacket will set you back $950!

[Getty Images photo]