Is it a Clutch or a Tote?

I love Gwen Stefani's line L.A.M.B, the clothes, the bags, all of it. Of course I knew I wasn't alone, but this surprised me:

Cameron Diaz is carrying the LAMB bag that when closed is a clutch,

Cameron is holding it unclipped, as a tote. I love the style, it's like having two bags in one.

Other designers have similar ideas, like Kate Spade:

Nine West has even gotten in on this style:
So, you can find them in all price points and a lot of different colors and patterns.