Our incarnation of L.A.'s celebrity hangout has emerged as South Beach's leading elitist lounge. Located in the lobby of the Gansevoort, the lavish baroque-style parlor with plush banquettes and gold, leafy lighting is inspired by a fictional woman named Coco de Ville, who is so elusive and alluring that few men, or ladies for that matter, have been able to claim her affection. In fact, you better be wearing Barneys duds and trailing six or seven skinny models if you expect to get into Coco's inner sanctum. But once you do, you'll enter a whimsical lounge where cocktails such as Coco's "cotton candy" (a combination of Tu Ku Soju Vodka, citrus liqueur, and lime shaken and poured into a tumbler) are sure to rev up your Dionysian urges. Coco is also home to Tuesday-night party Favela Chic, a gathering of beautiful South Beach people shaking to the sounds of DJ Ross One and his crew of Brazilian-samba-pop-music mash-up DJs.