Transformation of an umbrella into a handbag design

I find this design very interesting in my opinion because it is very ideal for us , ladies... I really do classify this as transformation , because transformation is shown in the design itself ; an umbrella transformed easily into a carry handbag. This is designed to capture water inside rather than letting it drip within the interior space.

Designed like this : 

http://dornob.com/transforming-drip-free-umbrella-in-a-handbag-design/?ref=search