Well, well, well, look who has taken hobo chic to a whole new level. Marc Jacobs is really pushing the boundaries between street and high fashion. The utilitarian Louis Vuitton “Raindrop Besace” purse retails for a sweet $1,960. The bag abandons the usual luxury wingdings for a more-tasteful French inscription. It comes in green and brown, with a leather handle, and it’s waterproof, hence the raindrop name. What more could you want for the cost of a month’s rent.