It appears that for as long as goofballs roam the earth there will be high fashion labels peddling questionable footwear to them. That footwear is often based on designs by actual sportswear companies, like this knit pair from the likes of Balenciaga.
The shoe, spotted by GQ, is essentially a rip-off of the Nike Free Mercurial Superfly, a Flyknit shoe that has the same knit collar at the top and overall shape. Of course this one is without Nike's proprietary tech, so the brand's Free sole is replaced here by a "memory sole" and there's no mention of Flyknit.
This "Speed Trainer" is available now from Balenciaga here for the unfortunate price of $545.