Kate Spade's spring line of handbags and clutches come in bright, preppy colors like pink, green, and white. But my favorite is the cheerful yellow Lexington Ava clutch. Inspired by the Kentucky Derby--and the lawn party social scene associated with the event--the clutch is made from raffia, a soft fiber that feels like grassy wheat.  Calfskin leather accents the clutch, while the inside is lined with a paisly print. Price: $195.