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If you don’t think that John Galliano is a mad genius and we’re just all lucky to be living in the same world with him, then you haven’t been paying attention.

For Spring 2010, his collection for Christian Dior connected beautifully to the retro-and-structured-underthings look that he had showed earlier this year during Haute Couture week, and the 40s film noir looks were exactly what you would expect a dizzy dame to wear when walking into a smoky private eye’s office.

Galliano knows his audience for Dior, and I could see them buying up these ultra-glam cocktail dresses and floating evening gowns hand over fist. And not only are they beautiful, but they so thoroughly inhabit the brand’s history and mythology while still incorporating modern touches like tough leather bombers. The past and present meld gorgeously into looks that are not only art objects, but are also impressively wearable, for the most part. You know, if you go to those types of events.

I’ve been more than a little critical of Fendi for quite a while now, but between their Spring 2010 runway show earlier this week and the Fendi Calfhair and Sequin Shoulder Bag that we see here, I’ve got to give credit where credit is due: they’re finally doing some fantastically interesting things with their handbag line.

I’m sure this bag isn’t for everyone, but the kind of nerve it takes to combine two divergent textures like calfhair and sequins in order to create a single pattern is exactly what we should all expect from our highest-echelon designers. Sometimes it will work, sometimes it won’t (I, for one, think that it really does here), but without people willing to make something ridiculous, we’re never going to see any innovation.

And in general, thisbag is just sort of fabulous. It’s sequin and calfhair zebra print, and despite the bizarreness of that description, it’s really well-done. They used several different sizes of sequins in order to achieve the effect, and it worked out fantastically. I would wear this bag in a heartbeat, even though I’m sure many people would wag their fingers at me for it