I assume you are speaking of a brazilian wax.
I think its past the fad phase, but I don't think I would partake.
Regular waxing is enough of a chore for moi.
I have heard of women going for designer label waxing patterns though -- lvs, fendis, coaches and dyed too (to match one's handbag?).
Some people have too much time, money and vanity for personal grooming.
lala