Origin: someone invented this phrase to describe the countless number of these people milling around (in tight cliques) the streets of Oxford.
Use: the word "versace" is used to describe a group of "sloanes". In this scenario "versace" takes on the same role as (and a similar meaning to) the word "phalanx".
The use of the word 'versace' is important as it adds a far more embellished description of those you are referring to. For example: sloanes are gaudy, cheap and of no substance. Similar to the flamboyant clothing produced by said designer that only looks good on a yacht/catwalk/celebrity.
I was walking down Cowley Road the other day and almost got run over having to walk around a versace of sloanes.
One of my friends is a sloane, she knows so many fit women. Man I was at a party the other night and it was one big versace of sloanes. Those girls, they may be stuck up but once you're on the inside, they are proper goers!
I was on the Divvy Road (Divinity Road, what they would refer to as their "hood" thinking they're ironically cool, we all call it a street) the other day and a versace of sloanes went past in a convoy of Golfs.
I tell you, if you want to see a versace of sloanes you should pop into Oxford during term time, they all go to "Brookes University" so that their parents can say that they go to "Oxford".
Aslo used in reference to a fat person.
Look at that chunder guts.
My god, he's a fucking right chunder.