I've studied it carefully. I believe this is the translation:

"I thought it was something cute and affordable that I liked. Turns out it's trendy and costs more than you think it should, and anyone who's anyone has one. And I liked it."

That's the best I could come up with after googling Marc Jacobs and compensating for my apparently incorrect views on what "desirable fashion" is.

Sounds good. Maybe Google Translate could add a new translation option.

Here's let me:

Little did I know that falling in love with this rubber giraffe was the equivalent of falling in love with that cute dress you hoped your friend had bought at Forever 21 but that turned out to be from Marc Jacobs.

Means:

Little did I know that falling in love with this rubber giraffe was the equivalent of falling in love with that cute dress you hoped your friend had bought at a cheap store at any old mall but that turned out to be from a very well known and expensive haute couture designer.

Translation:

"Here, let me give it a try:"

Sorry, NA. I couldn't resist. :evil:

So, in other words, "falling in love with that cute dress you hoped your friend had bought at a cheap store at any old mall but that turned out to be from a very well known and expensive haute couture designer." means you hoped to be able to buy one for yourself but it would be way out of your budget, or that you are depressed about the fact that she has more money than you?

I'm a 50 year old heterosexual male. I'm clueless on these things.....