WARDROBE: Put that G into a mutual fund instead

Months ago, we questioned the relevance of the It bag. Now, the New York Times is proclaiming it basically dead. That's not a bad thing, considering how most satchels in that category can set you back at least $1,000 (we hit rock bottom when we bought a Spy bag.) So not cool. Le Sportsac creative director Elizabeth Kiester sums the whole situation up best in the article: “The luxury market is so over the top now that it is demented. I call them limo bags. I don’t have a limo.”