Michael Kors Skorpios Hobo, Handbag of the Day

Everybody loves a good hobo bag, and this one by Michael Kors is no exception. Not sure why it's called "Skorpios" (I'm sure I'm missing something obvious so if you have an idea feel free to let me know in the comments) but it's an attractively simple bag, featuring a large ring that flops over the framed top on a braided leather strap and a matching single braided leather handle attached with smaller gold rings. $995

I'm thinking maybe the way the ring hangs over to the front of the bag is reminiscent of a scorpion's tail???