It's not fake!!! It's Limited Edition from 1996 which was produced to celebrate 100th anniversary of the Monogram Canvas. This backpack was designed by Sybilla for LV Personally I like it.
this was part of the 7 designers campaign where each designed a unique item. also part of the collection was a manolo blahnik shoe case, the clear & vachetta tote that has been on ebay recently, the alma style bag that has what looks like a leopard scarf across it's base and come up the sides as handles and a baloon/barrel shaped bag. I can't remember the rest but I know someone will be a long with more info on it