Remember the dress?

No, not the one from Lululemon — I mean the dress.

That viral 2015 photo that turned the internet upside down because no one could agree if it was white and gold or black and blue.

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It hijacked group chats and Instagram feeds, and sparked debates that lasted way longer than anyone expected.

This….isn’t that. Not even close.

But if you scroll through TikTok right now, you might catch a glimpse of Lululemon’s latest viral moment. Their newest $148 item, a two-in-one piece that can be worn as a maxi dress or a skirt, has taken over social media.

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Some people love it and swear it’s a genius design that’s worth every penny. Others don’t get the hype, calling it unflattering, overpriced, and suspiciously similar to styles they’ve seen at Target since 2008.

And while the back-and-forth over whether it’s flattering or functional is mildly entertaining, that’s not the most interesting part.

But the more telling story? This product is just the latest proof of how Lululemon’s viral playbook keeps delivering real results.

The latest viral product from Lululemon tells a much bigger story

Lululemon / TheStreet

Lululemon leans hard into viral launches

This isn’t Lululemon’s first viral rodeo.

Remember the Everywhere Belt Bag? TikTok turned it into a must-have, and the brand leaned in hard with influencer partnerships, restocks, and the kind of scarcity that makes people panic-add to cart.

Now, Lululemon’s using the same strategy on this two-in-one piece. Influencers seeded the hype. Try-ons and “is it worth it?” breakdowns flooded Reels and TikTok.

The product sold out in every size except XL. Clearly, Lululemon ( (LULU) ) knows exactly what it’s doing

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The apparent appeal? The convertible design. Fold the top down and it turns from a fitted dress into a flowy skirt.

No bra required, according to dozens of creators. The top is made with the brand’s signature Nulu fabric, while the skirt blends silk and technical stretch.

Is it clever? Sure. But revolutionary? Not really.

And that’s what makes it interesting: Lululemon doesn’t need to reinvent the wheel. The company just needs to spark a conversation loud enough to drown out the skepticism.

Lululemon proves buzz still sells

Lululemon has figured out the formula: create something versatile, get it into the right hands, and let social media do the rest. It works.

Viral products drive site traffic, loyalty, and allow for premium price points most brands can’t touch.

But that formula has its limits. Not every viral moment builds long-term trust. When a product feels overhyped or underwhelming, even loyal fans start asking questions.

The two-in-one piece might be a bestseller, but it also left some shoppers wondering why they were being sold a TikTok trend at luxury prices.

There are already cheaper versions circulating online, and the Lululemon version isn’t dramatically different from what’s been around for years.

If every new drop starts to feel recycled, the hype machine might start to lose steam.

Still, you can’t argue with results. Whether they love it or roll their eyes, people are talking. And in Lululemon’s world, attention almost always converts into sales.

With Lululemon reporting earnings this week, we will see if the buzz turns into results.

The product might not be groundbreaking. But the strategy? That’s the real story.

Related: Lululemon scores a huge victory over Nike