We’re all guilty of reading trashy magazines from time to time (or, if you’re like me, each and every week!) – Now’s the time to put all of that celeb gossip knowledge to good use. Finally, your wallet will thank you for all those hours spent reading US Weekly and watching E!

Bluefly.com is hosting a contest called Closet Confessions. Every week, Bluefly.com posts a Closet Confession from a celebrity (complete with a tour of his/her closet and commentary about his/her favorite designers and to-die-for pieces). But, before Bluefly.com posts the confession, you will have six days worth of hints to help you guess who that week’s celebrity confessor will be! This week’s confession premiers on June 16th, 2010 – So, if you think you’ve got the eye to guess which celeb it will be, make your prediction and win $200 to Bluefly.com!!!!

Dying to share your closet confession just like these celebrities? You can! Share your style with the world: pick your favorite item, take a picture, and post it. Each month Bluefly.com will award $500 to the Bluefly.com user whose look has the most votes. So, go through your closet, get your glam on, pose for a paparazzi photo, and post it for your chance to be like the Celebrity Confessors and for the chance to win $500 from Bluefly.com!

Plus, don’t forget that Cardholders get $15 OFF purchases of $75 or more at Bluefly.com throughout the year!