It sounds like a rumor to me, but numerous blogs and entertainment sites (totally reliable!) are reporting that Lindsay‘s next big design project will be a line of handbags for … gulp, Ed Hardy. Last we heard, she was on the outs with Ungaro, but this is really kind of a drastic comedown. From Parisienne couture to a line that makes a Las Vegas hooker look classy? Let’s hope there’s no truth to this vicious rumor. It’s too mean.