It's interesting that the art director for this was Numéro's Babeth Djian, as this looks quite similar to their latest cover with Sasha Luss, where most found those effects to be tacky and cheap-looking, haha.
I agree with everyone, this is fantastic. Karlie looks so full of energy and while it's a busy image it's just so straightforward and captivating. I love this, one of the best F/W 13.14 campaigns so far.