karlwho.jpgFashionista Rachel Bilson carried this clever "Karl Who?" bag yesterday -- an homage (or a slap in the face, we're not sure which) to the Kaiser, Chanel's Karl Lagerfeld.

Crazy thing is, Karl himself has been spotted carrying this bag, made by Naco Paris -- the same handbag company that prevailed against Chanel in a lawsuit filed by the fashion house for the handbag maker having used their famous interlocking "C" logo.

Hey maybe Karl even gifted Rachel with the bag himself!