Ice on the fringe is so damn frosty

from Macklemore and Ryan Lewis (Ft. Macklemore & Wanz) – Thrift Shop Lyrics on Rap Genius

“Ice on the fringe” refers to coats that were popular primarily in the 80’s and featured leather fringe and rhinestone embellishments. In some cases, small items like crystals, charms, feathers etc. were knotted directly to the fringe (though it probably wasn’t meant that literally).

Here it would be false stones on fringe.

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