Valentino's super pretty jelly sandal with bow retails for $295 at Footcandy.
BCBGeneration's version has a slight difference, but is still a fantastic option for less (WAY less). This sandal retails for $39 and also comes in beige, silver, or white. If you're interested in purchasing, you can click here. Note: Steve Madden also has a version of this Valentino sandal but it hasn't shown up on the website yet. I will post when it does!
*Update - 3/18/11* - Thanks to the reader who commented about these sandals from Laila Rowe. They retail for $16 and also come in black. Click here if you're interested in purchasing.