WordNet (r) 3.0 (2006):

talk of the town
    n 1: idle gossip or rumor; "there has been talk about you
         lately" [syn: talk, talk of the town]

Moby Thesaurus II by Grady Ward, 1.0:

42 Moby Thesaurus words for "talk of the town":
   acclaim, bruit, buzz, canard, celebrity, character, common talk,
   cry, eclat, fame, famousness, figure, flying rumor, glory,
   grapevine, hearsay, idea afloat, kudos, latrine rumor, name,
   news stirring, notoriety, notoriousness, on-dit, popularity,
   publicity, reclame, recognition, renown, report, reputation,
   repute, roorback, rumble, rumor, scuttlebutt, talk,
   the bubble reputation, town talk, unconfirmed report, vogue,
   whisper