I am with you Gigi, this is crazy stuff. In NZD these are $651!!
It is rich people trying to look like farmers or ranchers or people that work hard. I find it obnoxious I have to say.
The recent shoe thread didn't offend me in the same way - some of the shoes were designed to be worn that way, and I have done similar things (albeit with house shoes). I would not do it with brand or expensive loafers, that is madness.