I've been swooning over this Phillip Lim Edie Bow Bag ($700) for months now. It's simultaneously kitschy, cool, and fun — all the traits I look for in a good bag. In fact, Rachel Bilson owns one, and she's been spotted with it more than once. I don't blame her; it's freakin' amazing. Too bad I don't have a Lim confection to call my own . . .
See a much cheaper version.
This Vieta Studded Sheila Bag ($48) is much more affordable. It features the same studded bow feature and long strap. However, it's faux leather, but you won't hear me complaining at that price.