Recessionista: Bag Ladies

How cool is this canvas tote from Karl Lagerfeld, The Kaiser, and creator all of that's chic and classic is wearing their bag created in his honor that kind of says it all.

We love Karl, but I'm sure everyone would say "huh? Who is that?" He's the guy who designed $6000 suits and $3000 bags -- and he's now got his own tote. Sign me up for my tote, too!

Purchase info: Buy it here.