Varsity Jackets.

Varsity Jackets are one of those things that never really go away, but become more popular at certain times vs others.

There's always an underlying prep-style/ schoolboy movement going on, and these would be perfect if that's the look you're going for.

My boyfriend and I are definitely good in the varsity jacket department.
Mine is the black and white one above (which I got from F21) and the rest are his.

Urban Outfitters has an entire section of men's varsity jackets if you wanted to check em out.
And here are Forever 21's for men and women... with none over $45.

Update:
I recently saw this photo of Beyonce in the studio rocking her Balmain varsity jacket.
...Looking like the diva she is.