Would you pay $95 for a Scrunchie?

Missoni promises  this luxury crochet-knit accessory 'won't snag your hair' .Missoni's $95 offering,is  made from mint satin with a white, pink and red crochet-knit overlay. At your regular convenience stores you could get a scrnchie for $5 or less. So, is this a hit or a miss?

Culled from dailymail.co.uk