Jack McCollough and Lazaro Hernandez have successfully re-invented their completely fabulous PS1 handbag. I am COMPLETELY in LOVE with the new style and am prepared to pinch my pennies together to buy one. The older model was a hit in the celeb world and could often be seen on actresses/style icons such as Mary Kate and Ashley Olsen and my gossip girl fav. Leighton Meester.

For those of us who are still obsessing over the older Ps1, you can find the bag at Net-a-Porter for roughly $1,160. Still a little steep, but better than the $1,595-$1,995 the bags started at.

Anywhoo, i’m sure we’re going to a lot more of designer re-inventions this season considering pre-collections are where designers can experiment with both new and old ideas. I can’t wait to see what the other designers have in store for us.