The Budget-Buster Limited Edition Louis Vuitton New Age Traveler Backpack

I'm now convinced beyond a shadow of a doubt that Marc Jacobs es un tipo loco!!! (translation: MJ is one crazy dude). Back when I saw this hideous backpack sashay down the runway during Louis Vuitton's Spring 2010 show, I knew it was a sorry excuse for a bag what with its poor croc top flap sharing space with monogram canvas, tassels, fringe and miniature phone cords (yes, you read that correctly). What I didn't know was just how loco Marc Jacobs really is. I mean, you'd have to be absolutely insane to think this atrocious thing is actually worth its $54,500 price tag. That's right, folks. The Louis Vuitton New Age Traveler Backpack costs more than your average Mercedes-Benz, more than a down payment on a new home and more than what most Americans make in one year. When times are tough and I feel like taking a nice long Calgon bath, I'll think about this bag and smile to myself with the knowledge that at least I'm not as bonkers as poor Marc.

P.S. - As if the bag itself weren't heinous enough, MJ added a ring on the bottom of the pack so one could attach one of those furry tails he's so enamored with (please insert the sound of me hurling right about here).

Source: style.com; luxurylaunches.com; louisvuittonlover.blogspot.com