Outside of the mass market boho skirt and wedge heels, the most popular look I have seen in NYC Summer 2005 (downtown) is short shorts (baggy combat style) with cowboy boots, or slouchy flat boots. It's a look that requires dedication in the heat, that is for sure. Usually worn with a loose jersey top and of course chunky wooden beads, or layers of gold necklaces. What's supposed to be fashion forward is more of a uniform in Noho/Soho/Nolita/East Village.
For more trends, check out the Fashion category.
Image: New York Times