02/25/2015 02:58 pm ET

Betsey Johnson Can't Live Without These Hysterical 5 Items

Betsey Johnson knows exactly what five things she'd need if ever stranded on an island.

"A great guy would be nice," she told HuffPost Live on Tuesday. "Daniel Craig. Or Matt Lauer. I love Matt."

But that's not all the legendary fashion designer would want with her.

"Well, this is very stupid silly fashion-y, but I would have to have my red lipstick," she confessed. "I would need my champagne -- lipsticks, diamonds, champagne and rock 'n roll."

The energetic 72-year-old, whose eponymous fashion line is celebrating its 50th birthday this year, has made a point of maintaining her sense of whimsy even as she's gotten older.

"I think me [and] Madonna, we gotta stand up for getting older and not getting old," she explained, citing Tina Turner as her inspiration.

"I push it all the time because people probably think I look ridiculous and I don't dress my age, but I feel responsible for setting up a new standard of old, young," she continued. "It's up to you. Your spirit, your heart, your makeup, whatever."

Watch more from Betsey Johnson's conversation with HuffPost Live here.

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Betsey Johnson's Style Evolution