Lindsanity "Designing" Handbags For Ed Hardy

GROAN!

Lindsay Lohan is looking to wreak havoc at another fashion label!

According to sources, La Loca is designing a line of handbags for Ed Hardy.

This would have been a great idea like 5 years ago, but that label has already peaked! And so has Lindsay!

The source reveals:

“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. They though she’d be a good fit and so did she. As of last week, there are three collections in development and numerous more are expected. Lindsay is very directly involved with the project, and she’s always pulling things online and from magazines for ideas.”

Aren’t they getting a little ahead of themselves? Lindsay barely lasted one season at Ungaro!

At least with Ed Hardy her name can only cheapen the label so much.

[Image via Fame Pictures.]