Every season, the fashion tipsters converge on a swanky purse that becomes the season's coveted "it" bag. Our pick for this fall didn't roll off a French luxury goods assembly line but got sewn up in Toronto by Hoibo designer Sarra Tang . The clutch's vintage car stamp is hand-tooled into the hand-sewn Spanish saddle-leather shell. But if its very it-bag $650 price tag snaps your wallet shut, Tang's Ferris-wheel-print cotton satchel is equally swoon-worthy for $185. Both are available at Delphic , 706 Queen West, 416-603-3334.