Even Marc Jacobs had to pull all-nighters at design school

Fashion students, take heart: Even someone with the natural talent of Marc Jacobs had to pull all-nighters to get through design school.

Just before receiving an award on Tuesday night from his alma mater, the Parsons School of Design, Jacobs recalled the cloud of giddy exhaustion under which he worked at school, where he'd toil around the clock with fellow student (and now, noted fellow designer) Tracy Reese.

"Tracy and I worked all the time on our homework," he says. "I mean, we'd work so hard and be so tired - we wouldn't have any sleep. We'd get so tired that we'd be giddy, we'd just get the giggles."