In the latest 'rich people who spend tons of money on crap,' the Olsen Twins have revealed the newest Fall must have from their label The Row. And boy, is it a fashion disaster:

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Unlike their new infamous $39,000 crocodile backpack, which reportedly sold out shortly after it was released, this furry Adult Backpack is slightly more affordable at only $16,900.

Pictured above is the "multi patchwork fur" version of the bag, although it's also available in "black shiny calf skin," "black alligator," and "slate shiny alligator". How delightful it must be to know that all the world's excess fur have not gone to waste. And the twins' biggest fan, stylist Rachel Zoe, is already raving about the furry accessory. Below is her "personal predilection" that she posted on her website Tuesday:
Pretty in patchwork, The Row's posh pack combines comfort and class. The fuzzy texture on this nifty knapsack is also a fashion favorite. Perfect for pre-fall, it's never too soon to start thinking ahead for your next season's staple! Our personal predilection is towards this amazing accessory.