See bottom of post for update.
Free People's Military ruffle jacket retails for $148 and was worn (in black) by actress Sophia Bush on an episode of One Tree Hill. (Photo credit)
If you love the look but not the price, Alloy has a great alternative which retails for $39.90. It's only available in grey, and you can click on the photo below if you'd like to purchase.
*Update - 8/27/10* - Apt 9 has a very similar military jacket and it's currently on sale for $39.99 (down from $72). Click on the photo below if you're interested in purchasing!