The term 'the latest thing' can be broken down into four crossword solutions: CRAZE (5 letters), RAGE (4 letters), NOW (3 letters), and DERNIERCRI (10 letters). CRAZE is a noun meaning an intense enthusiasm or excitement for something, usually short-lived. RAGE is a noun meaning intense anger or fury. NOW is an adverb meaning at the present time. DERNIERCRI is a French phrase meaning the latest fashion or trend. Together, these words describe something that is currently popular and fashionable.