Rare good news alert: Supreme and Louis Vuitton's long-rumored collaboration is now a real thing that actually exists.

"No New York City conversation is complete without Supreme," Kim Jones, style director for LV's menswear, said in a press release on Thursday. "We might say no menswear conversation period can really be complete in 2017 without mentioning Supreme, and this Louis Vuitton collab further cements the brand's ability to blur the true definition of 'luxury.'"

The collab debuted as part of LV's 2017 Fall/Winter show in Paris on Thursday. The partnership will include a box logo t-shirt, a skate deck equipped with an LV Trunk, bags, and much more. It will be available on July 17.

Usher, understandably, was stoked about the ordeal. "I was just talking to my friend about the idea of how things come around," he told Vogue at the Paris show. "Because many years ago Supreme was given a cease-and-desist [by Louis Vuitton]. Now to see them collaborate is cool . . . You gotta stay focused on the kids."

David Beckham, who was seated near the legend Kate Moss, confirmed the "kids" mantra. "I have seen some of the Supreme stuff they've done with Kim and Vuitton and it's amazing," he said. "Supreme is a label my kids are really into."

Shortly after the big confirmation, Travis Scott flexed a few pieces on Instagram:

The official Supreme Instagram also shared a few glimpses at the collab:

An early items list, per High Snobiety, lists the following products:

Red epi zippy wallet

Black epi bum bag

Tan leather cowhide charm on silver wallet chain

Black epi wallet

Black epi card holder

Brown monogram hankerchief

Red epi trousse toilette

Red epi backpack

Gold bottle opener on silver bead keychain

Red epi bum bag

Red epi danube messenger bag

Indigo washed monogram barn jacket

Red and white handkerchief

Indigo washed monogram jeans jacket

Monogram silver and red badges

Silver bottle opener on silver wallet chain

Red epi charm

Gold dice holder on silver wallet chain

Khaki camo denim jacket

Khaki camo carpenter pants

Khaki camo keepall and bum bag

Brown wool scarf

Monogram penknife on silver wallet chain

The release strategy for the collab may include pop-up shops, according to GQ. So get your wallet in order ASAP.

Related: Best Style Collabs of 2017