Mini Boat Tote, LL Bean, USA
It is one thing to have a giant LL Bean boat tote that you haul to the beach. It is entirely another to sweep into a room, your hair flipped to one side, in a floor-length black pea coat, collar turned up, with this little nasty on your arm. Holds a water bottle, phone, a few things, and your dignity. Ludicrously capacious it is not. The shrunken brat edition of an absolute classic.
Monogrammable, of course. Insane gift.