03/08/2012 09:56 am ET

Elizabeth Olsen Laughs At Being Labeled An 'It Girl'

Elizabeth Olsen may be the younger sister of child stars-turned-fashion stars Mary-Kate and Ashley Olsen, but she’s having no problem making a name for herself. After scoring a breakout role as a woman who escapes from a cult in the 2011 drama Martha Marcy May Marlene (now out on DVD/Blu-ray), Olsen turned into an overnight “It girl,” a mantle she laughs about.

“I always joke that the term ‘It girl’ is such an ephemeral thing,” she tells iVillage. “And I’m really tying to have a long career until I’m ready to retire as an older lady.”

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