Paris Hilton: That Purse? Way Too Cheap to Be Mine

For someone who just got busted on a cocaine charge, Paris Hilton doesn't seem too concerned. Sources tell TMZ she's "not worried about it" and has been telling people, "It could be a setup. Everyone knows how against cocaine I am." She claims the cocaine "probably" belongs to a friend who recently borrowed her purse. As for the cop who pulled her boyfriend over? He was "star-struck and blew the whole thing way out of proportion."

The Sun has an even more believable reason the cocaine couldn't have been hers: She's reportedly claiming the purse it was found in is too cheap to be one carried by Paris Hilton. It was "by no means up to her high fashion standards," says a source. Paris took a moment last night to issue her first post-arrest statement, via Twitter of course, thanking her fans "for all the love and support you are giving me." Meanwhile, her boyfriend and fellow arrestee probably isn't in so great of a mood: Cy Waits was fired from his Las Vegas nightclub gig, E! reports. Click here to read about how Paris got caught.