Derek Jeter -- Escapes East Coast Blizzard ... Bringing Back Ripped Jeans

While most of the East Coast was hunkering down in the blizzard, NY Yankees legend Derek Jeter wasn't even rockin' a coat -- strollin' around Bev Hills in a pair of ripped jeans like it was '86 all over again.

Jeter's out in L.A. (we're told he's taking meetings with some Hollywood people) -- and Monday night we ran into #2 on his way out of Mastro's Steakhouse.

FYI -- apparently, distressed jeans are "in" ... at least according to GQ and Women's Wear Daily, which recently published an article saying:

"After a few years of dark denim dominance, it's only natural that distressed denim would reenter the game with rips and tears galore."

Def Leppard is so happy right now ...