Just know that my original title was “Blohan to ‘design’ cracked-out crack bags for Ed Hardy”. But I thought it was a tad too harsh, and I promised CB I would try to tone down the crackhead talk. It’s difficult with this story, though. I mean, Lindsay is already a world-class “stink-eyed leggings designer” and “heart-shaped-nipple-pastie-Ungaro-designer” so handbags for douchewear design house Ed Hardy seems totally in line. Is it just me, or is “handbag designer” the career choice of failures? Granted, sometimes some new handbag designer comes along and actually wows me (Tory Burch, anyone?), but I don’t think Lindsay will be one of them. Here’s more:

Let’s hope for Lindsay Lohan’s sake she has better luck than Jon Gosselin working with the folks over at Ed Hardy.

A source exclusively reveals to us that Linds is in talks with the L.A.-based clothing company to launch a new line of handbags…

“Lindsay and the design team at Ed Hardy have mutual friends, and they knew she was interested in looking for a handbag license and partner,” our source says. “They thought she’d be a good fit and so did she.”

So far, it sounds like the collaboration is running smoothly. “As of last week, there are three collections in development and numerous more are expected,” our source says.

“Lindsay is very directly involved with the project, and she’s always pulling things online and from magazines for ideas.”

This isn’t Lohan’s first involvement in the handbag business. In 2007, she was the celeb face of Jill Stuart handbags, and in 2004, she did the same for Dooney & Bourke.

She currently has her own line of leggings, labeled 6126, and self-tanning products called Sevin Nyne. In a less successful venture, she was canned earlier this month by Emanuel Ungaro after serving as its artistic director for just one horribly received collection.

No word yet on when the Lohan-Ed Hardy collaboration will be released.

[From E! News]

Can we start taking bets on just how derivative this handbag line is going to be? And who it will be derivative of? My guess is that Lindsay will copy handbags from Kate Spade, YSL, and Marc Jacobs. And my guess is that Dina will think Lindsay is a “genius” for it too. Ugh.

Sidenote: Haha, the first images I got when I searched for “Ed Hardy” were of half-naked strung out girls and Kevin Federline. Chuckle… Lindsay, this is your future.

Yeah, you can run but you can’t hide, Lindsay! Hide your face in shame! This is actually a photo of Lindsay hiding her face in shame last night. Jesus, Linds. But some pants on. You’re not Taylor Momsen.