At one point, Clarkson asked Biden about a picture the first lady shared on social media earlier in February. In the photo, Biden is shown visiting a Capitol Hill bakery, The Sweet Lobby, to buy desserts for Valentine's Day.
The fabric hairband style had its heyday in the 1980s and '90s but has made a comeback in recent years.
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Seeing the first lady sporting the casual accessory - something that can be bought at a drugstore and that millions of Americans arguably have in their haircare arsenals - was a relatable moment for many of her fans.
In her interview with Biden, Clarkson asked: "I noticed you wore a scrunchie and everybody lost their mind. I think we all wear scrunchies. Are you usually this much of a fashionista with your scrunchies?"
The first lady said that it was actually her daughter, Ashley Biden, who filled her in about the scrunchie craze.
"You know, my daughter called me right after I left that shop and said, 'Mom, everyone's talking about this scrunchie.' I said, 'What scrunchie?' I didn't know what she was talking about. I still don't understand it," Biden told Clarkson.
"Well, I'm just saying, if you're gonna start bringing back scrunchies, throw in the banana clips as well," Clarkson replied.
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