Louis Futon 

A phony Louis Vuitton bag worn by girls trying to act rich.

(popularized in Broken Under Interrogation, a novel of urban decay)

That's not real miss, it's a Louis Futon!

Louis Futon by Robert McGillicuddy March 16, 2010

Louis Futon 

A fake/knock off Louis Vuitton handbag or wallet etc.

“Omg Becky look at that girl she totally has a Louis Futon!”
“What’s a Louis Futon?”
“A fake Louis bag DUHHH”

Louis Futon by princessalik November 2, 2019