Nike worked with renowned artist Marcus Gaab to explore the 21st C. Windrunner V. jacket and it’s highly reflective properties. Modeled after a sportswear staple, the Windrunner is detailed with the trademark V-shaped chevron across the chest, dotted with ventilation perforations across the back and finished off with a hyper reflective shell that burns bright under the most subtle lights. Serving function and aesthetic, The “United States of America” is applied with precision laser technology, while the lower back is detailed with 50 perforations — one for each state. A badge on the inside of the jacket, placed over the heart reads “Team USA.”

The Nike 21st C. Windrunner V. will be worn on the medal stand in London for those that win gold, silver or bronze in the following sports: USA Badminton, USA Trampoline, USA Cycling (Track), USA Canoe/Kayak, USA Weightlifting, USA Judo, USA Swimming, USA Gymnastics, USA Track and Field, USA Triathlon, USA Tennis, USA Sailing, USA Synchronized Swimming, USA Table Tennis, USA Rowing, USA Taekwondo, USA Modern Pentathlon. Paralympic: Judo, Powerlifting, Goal Ball, Table Tennis, Cycling, Swimming, Rowing, Track and Field, Sailing, Wheelchair Tennis, Boccia, and Fencing.

This Windrunner will definitely be highly coveted by Olympians and fans alike. Good news for us non-Olympic athletes: There will be a version available for retail around the start of the London games. Stay up on NikeStore.com for updates.

Check out a video of the 21st C. Windrunner V. in action after the jump.

In the summer of 1992, fifteen American men came together to form the USA’s Olympic Basketball squad. The team was the first to be made up of active NBA players. When they traveled across the pond to Barcelona that summer, they were unstoppable. Team USA, nicknamed “The Dream Team”, won every game by an impressive average of 44 points. Needless to say, the team went home with the gold and were forever etched into history as one of the strongest teams in any sport ever. That summer was a major turning point for many fans, young and old alike. People who liked basketball, now loved basketball.

20 years later, Nike Sportswear is commemorating that epic run with the release of The Dream Team Destroyer Jacket. The jacket is very traditional looking with patches that tell the story and pay homage to The Dream Team’s journey. In a sense it is a classic Destroyer jacket with the leather sleeves and a wool body, but the attention to detail is what will distinguish this as a true one of kind piece.

Russell Stott, Nike Sportswear’s Graphic Design Director, and his team have covered every aspect of that historic summer with an array of patches on both sleeves and on the front and back of the jacket. The right sleeve is adorned with the starting five players jersey numbers, while the left side consists of three chenille patches each one telling a story. The top patch tells of the average point differentiation, 43.8, and also has an XXV that refers to Barcelona as the 25th of the ‘games’ in sporting history. The lower patch is the USAB logo and the middle patch states some of the places this year’s team will be visiting before the summer.

The right breast of the jacket is embroidered with U S A in a vertical towering effect, and includes a USAB pin-badge. The left breast shows a USA flag inspired mostly by space travel and military. Stitched in underneath the flag is the score of each game the team played. The back is embroidered with a large XX to celebrate the 20th year since that momentous summer. Stitched in above each front pocket it says, “Land of the Free, Home of the Brave” in italicized font. For the tag, Nike is re-imaging the tag from a replica of the Dream Team jersey they found that had a special message to the team on them. This jacket is a must have for any Nike head and although winter is almost over, this is a truly timeless piece and will never go out of style. Release date is TBA.

Check out more detailing of The Dream Team Destroyer Jacket after the jump.

Jamie Hewlett, the visual artist behind the virtual group, Gorillaz, has designed a series of Gorillaz-themed prints for a Gorillaz Chuck Taylor All Star collection. Converse will be releasing the collection in February of 2012 which features 3 more designs which are yet to be revealed. Rumor has it that this collaboration has been in the works for over 10 years.

Gorillaz will release a new song for Converse’s “Three Artists. One Song” series, which recently included a collaboration between Matt & Kim, Soulja Boy, and Andrew W.K. The release of this song will coincide with the February release of the collection.

Gorillaz and Converse are hosting an launch event on December 1 featuring Gorillaz Sound System, a Gorillaz-endorsed audio-visual experience that includes music, live percussion, and projected visuals. The event will take place at 100 Club in London. I wanna go!

Gorillaz will release a new greatest-hits compilation, The Singles Collection, on November 29.