Perfectly legitimate bag - they were marketed as party bags in 2008. There was the multi-handled Mini Speedy, a Papillon with a few canvas animals attached to it, a couple of small party bags with longer rolled cowhide handles and a couple of others that escape me.
The seller has described it accurately as the Comme des Garcons collaboration.
Put it this way, I've seen stranger from LV collaborations over the years!
I'm sure someone will like it. It doesn't look very practical. I remember when this was released this made me think of those people who grow their fingernails to extreme lengths in order to get into the Guinness Book of Records. That is a pretty disgusting thing to be reminded of by an LV bag.