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.
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
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.