WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                       Securities and Exchange Act of 1934

          Date of Report (Date of earliest event reported): May 7, 2008

                                  Bluefly, Inc.
             (Exact name of registrant as specified in its charter)

Delaware                       001-14498                  13-3612110
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(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)                                         Identification Number)

42 West 39th Street, New York, New York                   10018
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(Address of principal executive offices)                  (Zip Code)

       Registrant's telephone number, including area code: (212) 944-8000

         (Former name or former address, if changed since last report.)

      Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

       [ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

       [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

       [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

                        Section 5 - Financial Information
            Item 2.02. Results of Operations and Financial Condition

On May 7, 2008, Bluefly, Inc. (the "Company") issued a press release, announcing
its financial results for the quarter ended March 31, 2008. Attached to this
Current Report on Form 8-K as Exhibit 99.1 is a copy of such press release.

The information in this Current Report on Form 8-K and the Exhibit attached
hereto shall not be deemed to be "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. Such information will not be incorporated by
reference into any registration statement filed by the Company under the
Securities Act of 1933, as amended, unless specifically identified therein as
being incorporated by reference.

                        Section 9 - Financial Statements and Exhibits
                        Item 9.01. Financial Statements and Exhibits

(c) Exhibits

99.1 Press Release dated May 7, 2008


       Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        BLUEFLY, INC.

Date: May 7, 2008                      By:/s/ Kara B. Jenny
                                        Name: Kara B. Jenny
                                        Title: Chief Operating Officer and Chief
                                               Financial Officer

                                INDEX TO EXHIBITS

Exhibit No.

99.1   Press release issued by the Company on May 7, 2008.