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Its a great website where you can buy and sell clothes. The following info was taken from the direct site
Shopping Rule #1: Shopping should be fun. Find the looks you love, pay prices you feel great about, and share the experience with friends. We think thats what makes shopping fun. Tens of thousands of looks from boutiques, shops and closets like yours are available on style.ly. Prices are just a fraction of retail because many of the fashions on style.ly have been loved already or come directly from the designers. And when you want to tell your friends about it all, style.ly makes it easy (see Shopping Rule #2, below). Shopping Rule #2: The treasure hunt should come to you. Of course you can come to style.ly 24x7 to shop. But wed rather bring style.ly to you. We weave shopping right into Facebook (through thousands of Coteries), twitter (follow style.ly), or your iPhone (get the app here). You are already having great conversations in all these places, so why not bring the shopping right to you and your friends? Shopping Rule #3: Selling old loves makes room for new loves. Selling on style.ly = joy. In seconds you can turn a picture of a scarf, top, dress or handbag into a style.ly listing. Because style.ly find buyers all over the web for you (see Rules #1 and #2, above), listings can turn into cash quickly and you can keep buying. Rinse. Repeat. :)