I Really Love My ...

There's an interesting story behind the jumpsuit Katie Holmes has been wearing. Plus, Kelly Obsourne doesn't just love her slip-ons – she loves her slip-ons with socks. See these celeb fashion faves – then shop their looks for less

ELIZABETH AND JAMES BAG

We wouldn't exactly classify a bright-yellow snake-print backpack as versatile, but Reese Witherspoon manages to make the carryall work with everything from a dress and wedges to Spandex and sneakers. And for $645, we'd probably make good use of it too.