"Faux" Brand Name Items

I don't know about you - but I think spending over $100 on a purse is CRAZY.
However I love love love Coach purses.

I now have 2 "knock offs" a Jimmy Choo purse my mom got me in NYC a couple of years ago, and a Coach purse I got from China.

I must say the Jimmy Choo is better quality - the liner is fabric and aside from the brand name thing coming off the front of the purse once I haven't had any complaints.
It also get ALOT of comments whenever I use it.

The Coach purse I got in the mail today - it was $70 ish bucks after shipping (my fiance got it for me for Christmas - apparently $300 on the real one wasn't happening).
It has a plastic-y feeling liner which makes a crinkle noise when I touch it.
Otherwise I think it looks nice - and wouldn't know if it was real other wise.

What's your take on knockoffs?