Is this the same as other Loungefly Mickey mini backpacks?

No. It is one specific bag, and the one offered here has a print that sits slanted and uneven. Other Loungefly Mickey minis are separate items with their own prints and finishes.

How much does it hold?

It is a mini backpack, so expect room for a phone, wallet, keys and a few small items. It is not sized for books, a laptop or a full day of gear.

What is wrong with this particular bag?

The design is described as slanted and uneven. That is a flaw in how the print is placed, not normal wear, and it is the bag you receive.

It is described as brand new. The slanted, uneven print is a manufacturing or placement issue, not signs of use.

Mickey Mouse and Disney fans who want a small character bag and can accept an off-center print. Shoppers who want a straight, symmetrical design should look at other Loungefly minis.