What makes a bag an IT? A bag that lives up to its hype in form and function. Small in size but big on impact, the 3.1 Phillip Lim for Target Mini Black Satchel does both. Zipped up, the mini has slightly formal attitude, but when the zippers come down, there"s definitely more room to play. This richly textured faux leather women"s handbag features top handles, detachable shoulder strap, exposed zippers, interior zip pocket and top zip closure.