Ironically, this doesn't apply to lesbians.
Bullcrap. Women would drool over a guy in any kind of suit and tie. You could probably wear a black shirt and red tie and get the same response from most women. Endeavoring to dress well is something entirely different.
Is their any chance we can drop the what women want 'bullcrap' full stop? Funnily enough, women are individual human beings, the same as men, and have as varied tastes and interests. Any women I've spent much worthwhile time with has had their own aesthetic sensibility (whether or not it accorded with my own) and a mind of their own...
Lesson #1: It will be dropped when no one has an interest in talking about it anymore. Full stop. Er, well not 'full stop' I guess, because women weren't the issue being discussed. If an attempt was made to look deeper into the statement it would have become apparent that the real subject of the conversation is why men dress the way they do, not what women want.
Lesson #2: No one has a mind of their own.