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Gossip Girl's got nothing on this. Over 38 taut minutes, these New York kids reflect the mirror-ball gleam of primo INXS and Emotional Rescue–era Rolling Stones onto the lives of today's young, rich, and wasted. If "She's Expensive" didn't slink along so suavely on a skittering high-hat and burbling bass groove, if "Fernando Pando" didn't perfectly capture low-lit hedonism and morning-after regret, if every damn song didn't have an such a stylish chorus, The Virgins might draw some jealous sneers. But they do—so it doesn't.

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