Craziness abounds over at Alexander Wang, where they keep busy designing things like the Sydney Velvet Backpack. It has somehow sold out, but more stock will be back in soon (um, yay?). Though it really gets no more utilitarian than a backpack, and though velvet is always luxurious, the two do not always go hand in hand. Unless you’re a very chic, very wealthy college student who doesn’t mind putting a $775 backpack on the ground, you might want to pass. Just a thought. Available at Net-a-Porter.

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