Looks like Design is Kinky and Jeremyville are hosting a competition for the best new functional, custom-designed satchel bag. Jeremyville is responsible for the Vinyl Will Kill Book!–the first full scale book on the designer toy movement. In his book he inteviews toy designers around the world. Details on the competition are a little bit vague right now, but they say more info is coming soon; I think this will be very cool.