Lol, no, it's a shoulder bag.
(Sorry about the PJs, UPS doesn't get here until 8pm!)
(For reference, I'm 5'4 and 160lbs.)
Now let's put my crap in it! All the assorted stuff goes in the wristlet.
It slouches really nicely!
You can double the strap to make it into a shoulder bag. It was advertised on the Penny bag (19914).
Fold the strap in half, thread the folded side through one of the strap attachment pieces, pull the dog leash clips through, and clip them to the other side.