Twenty-four hours before Alejandro Gómez Palomo's Palomo Spain show, Nicola Formichetti—arguably one of the industry's most clued-in, youth culture–glancing arbiters—told me, "You can't miss it." Then, five minutes before the runway lights dimmed, the expectations compounded. Bryan Grey Yambao, my seatmate, leaned over and said, "This is so fashion," referring to the crowd, which included singer Troye Sivan (wearing Palomo Spain's pink velvet trousers), photographer Ryan McGinley, and model Hari Nef. (A "fashion" crowd isn't usually the case at a New York menswear show.) And as the first look walked out, a man to my right said out loud...