Eco-Friendly Um Tote: Love It or Hate It?

I'm all for helping the environment but this Eco-Friendly Um Tote by John Jakus ($115) looks more like a magazine rack than a purse. It's made of factory excess industrial wool felt which would otherwise be thrown away. It's a cool concept so maybe instead of a handbag, I'll use it to store my magazines. What do you think?

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