Katie Holmes: Just Say No to the $850 Kiddie Purse

Sure, Suri Cruise wears super-expensive dresses (that she may wear for two months) and tiny high heels, but a 4-year-old carrying a statement bag seems a bit extreme. Note to Katie: If you're going to let your daughter carry an $850 Ferragamo purse, it might be a good idea to get enough bags for everybody in preschool to share.