Stereo - Chelsea needs more hotspots like Vegas needs more casinos. Happily, though, the city has a bottomless appetite for $300 bottles of Grey Goose. Just two blocks from Bottle Service Boulevard (Marquee, Home, Cain, Bungalow 8, Spirit, Guest House, BED, Groovedeck), Stereo boasts a theme of, well, stereos, with 70s and 80s-era graffiti splashed on each wall. But this is no cheesy Culture Club. Instead of tacky 80s paraphernalia, Stereo uses subtle, amber lighting to accent the understated graffiti, designed by Ces. (Believe it or not, "understated graffiti" is possible. And it works.) Like Bungalow 8 and Home, Stereo continues the trend away from "mega-clubs" and toward more upscale, intimate lounges. A little smaller than a tennis court, Stereo has room for dancing without an official dance floor, with black VIP sofas dotting the walls.