With the Powerball lottery jackpot now at a mind-boggling $1.5 billion , it's hard not to daydream about becoming filthy rich overnight. The drawing is just hours away and it might be wise to have a plan of action for the winnings the second your numbers are read (fingers, toes and eyes crossed).

First and foremost, you could pay off those ever-present student loans and credit card debt, hook up your family, set up a charity foundation, buy a few amazing homes and immediately book a trip to Bora Bora . Once that's all out of the way -- what's a fashion lover to do with a billion dollars? Go on the sickest shopping spree of all time, of course.

Here's a look at what you can spend your cash on. Once you get to the bottom of the list, find out how much money you'll still have left over. For more shopping, obviously.

Cartier diamond stud earrings , $30,000

Gucci "Georgette" lace dress , $5,150