Seems the fall from the house of Ungaro was more precipitous than we thought. Having been, let’s say, relieved of her duties at the French fashion label after just one disastrous season, Lindsay Lohan is now reportedly in talks to design handbags with Ed Hardy. The face of Jill Stuart and Dooney & Bourke in her prime, the actress-cum-failed-entrepreneur is no stranger to the purse game. Still, Ed Hardy—the label favored by perma-bleached tramps and bloated reality whores—is a steep step down, even for the girl behind Sevin Nyne tanning spray and 6126 knee-padded leggings. Though we’d like to believe the collab is simply another wicked rumor perpetuated by a cruel, cruel blogosphere, it’s just sad and timely enough to appear legit.

Added March 24: Contrary to what could have been a very credible report yesterday, a likely mortified Lindsay has since tweeted that she is so NOT collaborating with Ed Hardy.