What's Hot! Adidas and Gucci team up to make $1,290 umbrella that's not waterproof

Have you heard that saying "you only had one job"?
Well, take a look at the umbrella, that apparently isn't waterproof.
The umbrella was made as a collaboration between luxury label Gucci and sportswear brand Adidas.
The current price tag?
About $1,300!
Gucci and Adidas say it's not designed to stop rain, but actually meant as a fashion accessory and to provide shade from the sun.
There's currently a wait list on Gucci's website to buy the item.