For those who have not felt the excitement of discovering Pantone, I will try and break it down a bit. In the simplest form, Pantone is a company that focuses on color communication. When it comes to the fashion industry, Pantone creates a color swatch card system that streamlines color needs and usage from the concept stage to the designer stage to the manufacturing stage.
The image below is of a Pantone Fashion Color Report. These reports come out for each of the fashion seasons and the are incredibly inspiring.
Click Here to See the Report for Fall 2010. Some things you can do with these reports:
1. Get acclimated with the big colors of the upcoming fashion season.
2. View various designers sketch styles.
3. Find out why certain colors are so hot each season.
4. Discover the "Must-Haves," "Color Rules," and insight on fashion trends.

Click Here to read a Fall '09 article about Pantone in GD USA.
And I thought pantone was a color index/guide. Little did I consider that there are practical applications for these colors--and that there is a seasonal color report.
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