A friend of mine is a fashion design student, and they've been assigned to come up with The Fashion Forecast for the year 2004. It sounded interesting, so I tried to come up with something:

Arnab's Fashion Forecast for years 2004,5,6:

Fashion Designers will have completely given up on the act of making new clothes. The fact is, that since EVERYbody has been buying new things for centuries, clothing has reached it maximum point. Hordes of clothes will adorn the average person's beds, cupboards, tables, etc.
Thus, people will only wear what they see first. Condition, color, coordination, style of clothing will all be rendered irrelevant, and anti-productive attributes. Stuff like old dad's shirts (old shirt, not dad) , and the sibling's jeans are the norm in collegewear today.