Desperately Seeking Susan / Madonna as Susan (with Rosanna Arquette as Roberta Glass)
Definitely one of the movies for 1980s fashion. I found a great writeup of this outfit, with special focus on the jacket. Here's an excerpt:
"What strikes us as a bit ironic is how Madonna’s costume wardrobe in the film was clearly inspired by her own style — the film’s costume designer Santo Loquasto has said that many of the pieces she wore in the film came from her own wardrobe — but the iconic jacket (designed by Loquasto) is probably the least 'Madonna' thing she wore in the film. The mesh tops, ankle booties, lace gloves, bustiers and garters she wore throughout the film all became associated with Madonna and were fashion mainstays for a whole generation of Madonna wannabes in the 1980s. Cropped jackets with gold lame detailing? Not really a thing anyone associates with Madonna’s classic and highly influential ’80s style."
The back of the jacket shows the great seal of the United States, as seen on the back of a one dollar bill.