Apple just dropped a new limited-edition, possibly useless, but definitely expensive wearable iPhone accessory: the iPhone Pocket.

It’s a cloth purse-like, well, pocket for your iPhone. It seems sort of like a phone chain or strap meets narrow purse. The fabric is meant to stretch to fit not only your phone but also some other necessities.

Apple collaborated with Japanese fashion house ISSEY MIYAKE to create the new product.

“The design of iPhone Pocket speaks to the bond between iPhone and its user, while keeping in mind that an Apple product is designed to be universal in aesthetic and versatile in use,” Yoshiyuki Miyamae, design director of MIYAKE DESIGN STUDIO, said in a statement.

The iPhone Pocket is debuting in eight colors for its shorter strap design, which will retail at $14

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