Naughty AND Nice

So here's my question… Adjectives modify, right? Well in that sign up there over the windows, "Elegant" is the adjective but… but… which of the other words does it modify? Huh? Huh? And for that matter, is the gift a "What" or a "Who"?

Only three words yet… Life is so confusing…

The shop's in St. Augustine, Fla. and I caught it with my Canon 7D through my normal Canon EFS 17-85mm (f4-5.6) zoom. Post was done in PS4 with an assist from Alien Skin's Exposure 5 where Ektachrome looked right to capture that old-time-shoppe thing after I'd customized it a tad.

 Look closely at the left window where they've posted a sign that reads, "20% off all swimwear". Hmmmm…. given the, er, elegant window stuff, wuddaya thinks left of their swimwear after they lop off another 20%? I shoulda gone in to find out, huh?