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Fashionista's Lauren Sherman and On the Runway's Cathy Horyn report from last night's CFDA (Council of Fashion Designers of America) Awards.

Horyn praised the show and mentioned that Diddy was featured in a lighthearted video, joking about the fashion industry.

"One would much rather laugh at the image of the industry, as people did so vigorously during the P. Diddy video, than witness another occasion for self-congratulation," she wrote.