Top definition
1) A bag many women carry in order to show off monetary wealth, for example Louis Vuitton, Prada and Gucci are very often favorites.
2)Usually over-priced and hard to get, the new status bag changes very often and women keep on buying them.
I just saw her with a Louis Vuitton status bag, I can't believe she's so trendy!
Those status bags are so ugly, I stick to my canvas totes.
by Lindsay February 22, 2005
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