i like the design, except for the jokes. novelty. reminds me of the Richard Prince exhibit at the Guggenheim in New York. He has a bunch of artwork with jokes like the ones on the bag. http://www.guggenheim.org/exhibitions/exhibition_pages/prince.html
there's a link to view his exhibit online...not sure if it has the jokes, since my computer is acting nutty.
what a strange bag
My first thought is that this is a real joke, that no such bag can exist but who knows anymore with bags.
As a piece of art, i'm sure it would do well in the Turner Prize...