The term 'Fashionable Bag' can be summed up by the crossword solution PRADA, which is a luxury fashion house founded in 1913 by Mario Prada in Milan, Italy. Prada is known for its high-end leather goods, shoes, and accessories, and has become a symbol of luxury and sophistication. The brand is renowned for its timeless designs and quality craftsmanship, making it a popular choice for fashionable bags.