Yes it really is just one bag. One bag, three different looks. How fun is that, one bag for every mood. This is a pattern from a Japanese book. It was one of those you had to draft your own pattern from a diagram. Of course, this makes it easier for design changes. I prefer a shoulder bag, so I made the handles longer. I also wanted a completely reversible bag. The list of possibilities goes on and on. There are a few more changes I'd like to try. Hope I get around to it soon.