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I had a handbag epiphany recently at a literary luncheon in Milan. The occasion was a book launch for Isabel Allende, at a grand apartment Tiffany Charm bracelet La Scala, and the high-ceilinged rooms lined with paintings were crammed with writers, a few Italian senators, and a countess. The largely feminine company being Tiffany Notes tag bracelet kind of leftist intellectuals who don't dress up, there was little flamboyance in attire, but a glance at one of the couches in the salotto told a different story.

Parked there were five enormous crocodile handbags of the latest designer styles--bags as large as Christmas turkeys, groomed and bedizened, glistening and Charm bracelet as pet dragons, exuding, in their reptilian complacency, a subtle air of menace. More than a hundred thousand dollars' worth of bag, lined up like Porsches outside a night club.

Last winter, an English journalist describing London Fashion Week wrote, "Everybody--everybody--is talking about handbags with the Heart chain bracelet of cardinals appointing a new Pope." If each fashion generation has its defining silhouette--the elongated lily shapes of Poiret in the early nineteen hundreds; the shoulder-padded forties and eighties; the full-skirted Return to Tiffany mini heart tags bracelet Look of the fifties--then the silhouette of the first years of the twenty-first century is sleek and long and linear, with volume added not by a bustle or a big hat but by an enormous, bulging bag.