Sure, but if LV can argue it owns the rights to a similar-looking "ripoff", then another icon project can claim likewise in respect to them. Got a newspaper icon, or a stylized human emoting something? That's enough, apparently.
I'm not a lawyer, but it seems that the consensus here is that LV isn't allowed to assert that they own the rights, and therefore may be perjuring themselves.
You can do that, but you perjure yourself in the process, and won't take it down permanently. I could take down Rails by filing a bogus DCMA, but I'd have a lawsuit on my hands if Rails decided to pursue it