Ever since Fendi hung fuzzy owls from its handbags in fall 2013 and debuted Karlito — the cutesy fur bag charm that's created in the likeness the brand's Creative Director Karl Lagerfeld — in fall 2014, the ultra-luxe keychains have been among the most coveted statement accessories out there. The Italian house turned these "Bag Bugs" into monsters for spring (you've likely seen their squinty eyes in more than a few street style photos this season), and on Thursday in Milan, it unveiled its newest iteration of the hot item: An initialed fur keychain, complete with a mini Lagerfeld head topped with a mohawk.

Some of the top models in the show — Anna Ewers, Lindsey Wixson, Kendall Jenner — clutched bags that were adorned with fur balls in a rainbow of colors, each one personalized with an individual initial. Fendi's fall 2015 collection was filled with neutral (though highly texturized) looks, so these fun embellishments really made the accessories stand out. Despite their cute factor, the bag charms don't come cheap: A Karlito would set you back around $1,750 when they were still in stock. But, if Fendi's new initialed "It" item isn't in your budget, you can easily pull another styling trend that was seen at the show — carrying a Bird of Paradise flower that peeks outside of your bag for an instant splash of color.