----

----

| S | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|------------------------------------------------------------------------------------------------|

| £ | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------|----------------------------------------------------------------------------------------------------|

| DELAWARE                                              | 52-1868665                                              |
|-------------------------------------------------------|---------------------------------------------------------|
| (STATE      OR OTHER JURISDICTION OF OR ORGANIZATION) | (I.R.S.      EMPLOYER INCORPORATION IDENTIFICATION NO.) |
|                                                  |                                                    |
| 121 GRAY AVENUE, SANTA      BARBARA, CALIFORNIA       | 93101                                                   |
| (ADDRESS      OF PRINCIPAL EXECUTIVE OFFICE)          | (ZIP      CODE)                                         |

----

----

----

| Explanatory      Note This      Amendment No. 1 on Form 10-K/A (the “Amendment”) is being filed to provide      the disclosure required by Part III of Form 10-K.  This      information was intended to be incorporated by reference from our      Definitive Proxy Statement for our 2008 Annual Meeting of Stockholders and      was omitted from the initial filing pursuant to General Instruction G.3 to      Form 10-K.  Because we do not expect to file a Definitive Proxy      Statement prior to the applicable incorporation by reference deadline, we      are hereby filing this Amendment to provide the required disclosure for      Part III (Items 10 through 14) and to refile certain information contained      in Part IV (Item 15). |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM      10. | DIRECTORS,      EXECUTIVE OFFICERS AND CORPORATEGOVERNANCE |
|---------------|------------------------------------------------------------|

| NAME                    |   | AGE |   | POSITION                                                                             |
|-------------------------|--------|-----|--------|--------------------------------------------------------------------------------------|
| Andrew      D. Feshbach |   | 47  |   | President,      Chief Executive Officer and Director                                 |
| Douglas      N. Nilsen  |   | 60  |   | Executive      Vice President - Merchandising (Big Dog USA)                          |
| Anthony      J. Wall    |   | 52  |   | Executive      Vice President - Business Affairs, General Counsel and      Secretary |
| Roberta      J. Morris  |   | 48  |   | Chief      Financial Officer, Treasurer and Assistant Secretary                      |
| Lee      M. Cox         |   | 39  |   | Senior      Vice President - Retail Operations                                       |
| Michael      Grenley    |   | 50  |   | Senior      Vice President-Merchandising (TWC)                                       |

----

| Name                |   | Age |   | Year      FirstElected |
|---------------------|--------|-----|--------|------------------------|
| David      J. Walsh |   | 48  |   | 1997                   |

| Name                    |   | Age      |   | Year      FirstElected |
|-------------------------|--------|----------|--------|------------------------|
| Fred      Kayne         |   |  69 |   |    1992 |
| Andrew      D. Feshbach |   |  48 |   |    1992 |

| Name                      |   | Age |   | Year      FirstElected |
|---------------------------|--------|-----|--------|------------------------|
| Skip      R. Coomber, III |   | 47  |   | 2000                   |
| Steven      C. Good       |   | 65  |   | 1997                   |

----

| ITEM      11. | EXECUTIVE      COMPENSATION |
|---------------|-----------------------------|

----

|   | • | individual      performance of the executive for the prior year as well as the Company’s      overall performance; and |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------|

|   | • | internal      review of the executive’s compensation relative to other executives to      ensure internal equity. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------|

----

|   | COMPENSATION      COMMITTEE |
|--------|-----------------------------|
|   | Fred      Kayne             |
|   | David      Walsh            |

----

| Name      and Principal Position                  | Salary      ($) | Bonus($)(1) | All      Other Compensation($)      (2) | Total      ($) |
|---------------------------------------------------|-----------------|-------------|-----------------------------------------|----------------|
|                                              |            |        |                                    |           |
| Andrew      D. Feshbach                           | $451,650        | $125,000    | $23,026                                 | $599,676       |
| President      and Chief Executive Officer        |            |        |                                    |           |
|                                              |            |        |                                    |           |
| Roberta      J. Morris                            | $269,342        | $35,000     | $17,382                                 | $321,724       |
| Chief      Financial Officer and Treasurer        |            |        |                                    |           |
|                                              |            |        |                                    |           |
| Anthony      J. Wall                              | $364,727        | $40,000     | $8,350                                  | $413,077       |
| Executive      Vice President and General Counsel |            |        |                                    |           |
|                                              |            |        |                                    |           |
| Douglas      N. Nilsen                            | $315,210        | $25,000     | $6,879                                  | $347,089       |
| Executive      Vice President                     |            |        |                                    |           |
|                                              |            |        |                                    |           |
| Michael      Grenley                              | $288,039        | $50,000     | $23,821                                 | $361,860       |
| Senior      Vice President                        |            |        |                                    |           |
|                                              |            |        |                                    |           |
| Lee      Cox                                      | $282,750        | $75,000     | $12,806                                 | $370,556       |
| Senior      Vice President- Retail                |            |        |                                    |           |

| (1) | Amounts      shown represent the bonus earned by the Named Executive Officer during the      year indicated, whether or not paid in that  year. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | “All      Other Compensation” includes (i) in regard to Messrs. Feshbach, Wall,      Nilsen, Grenley and Cox and Ms. Morris the Company’s contribution of      $1,000 to each of the 401(k) accounts of; (ii) supplemental health      insurance benefits provided to Messrs. Feshbach ($13,197), Wall ($7,350),      Nilsen ($5,879), Cox ($11,806) and Grenley ($22,821) and Ms. Morris      ($16,382), (iii) in regard to Mr. Feshbach, such amount also includes a      $8,828 benefit of his being allowed to have family members accompany him      on two business trips in 2007 taken on chartered  flights. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                    |   | Number      of Securities Underlying Unexercised Options Exercisable(#) |    |   | Number      of Securities Underlying Unexercised Options Unexercisable(#) |   |   | Option      Exercise Price($) |   | Option      Expiration Date |
|-------------------------|--------|-------------------------------------------------------------------------|---------|--------|---------------------------------------------------------------------------|--------|--------|-------------------------------|--------|-----------------------------|
| Andrew      D. Feshbach |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |
|                    |   |                                                                    | 5,000   |   |                                                                      | _      |   |                          |   | 4.625                       |   | 6/1/10 |
|                    |   |                                                                    | 250,000 |   |                                                                      | _      |   |                          | $      | 4.25                        |   | 3/2/11 |
|                    |   |                                                                    | 5,000   |   |                                                                      | _      |   |                          | $      | 4.03                        |   | 5/31/11 |
|                    |   |                                                                    | 5,000   |   |                                                                      | _      |   |                          | $      | 3.60                        |   | 5/30/12 |
|                    |   |                                                                    | 5,000   |   |                                                                      | _      |   |                          | $      | 2.90                        |   | 6/5/13 |
|                    |   |                                                                    | 15,000  |   |                                                                      |   | 10,000 |                          |   | $                           | 3.50 |   | 1/2/14 |
|                    |   |                                                                    | 5,000   |   |                                                                      | _      |   |                          | $      | 4.65                        |   | 6/3/14 |
|                    |   |                                                                    | 5,000   |   |                                                                      | _      |   |                          | $      | 6.90                        |   | 6/21/15 |
|                    |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
| Roberta      J. Morris  |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
|                    |   |                                                                    | 22,500  |   |                                                                      | _      |   |                          | $      | 3.50                        |   | 12/7/08 |
|                    |   |                                                                    | 35,000  |   |                                                                      | _      |   |                          | $      | 4.25                        |   | 3/2/11 |
|                    |   |                                                                    | 9,000   |   |                                                                      |   | 6,000  |                          |   | $                           | 3.50 |   | 1/4/14 |
|                    |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
| Anthony      J. Wall    |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
|                    |   |                                                                    | 27,500  |   |                                                                      | _      |   |                          | $      | 3.50                        |   | 12/7/08 |
|                    |   |                                                                    | 40,000  |   |                                                                      | _      |   |                          | $      | 4.25                        |   | 3/2/11 |
|                    |   |                                                                    | 9,000   |   |                                                                      |   | 6,000  |                          |   | $                           | 3.50 |   | 1/4/14 |
|                    |   |                                                                    | 50,000  |   |                                                                      | _      |   |                          | $      | 7.00                        |   | 6/29/15 |
|                    |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
| Douglas      N. Nilsen  |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
|                    |   |                                                                    | 27,500  |   |                                                                      | _      |   |                          | $      | 3.50                        |   | 12/7/08 |
|                    |   |                                                                    | 50,000  |   |                                                                      | _      |   |                          | $      | 4.25                        |   | 3/2/11 |
|                    |   |                                                                    | 9,000   |   |                                                                      |   | 6,000  |                          |   | $                           | 3.50 |   | 1/4/14 |
|                    |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
| Michael      Grenley    |   |                                                                    | 36,000  |   |                                                                      |   | 24,000 |                          |   | $                           | 5.50 |   | 7/27/14 |
|                    |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
| Lee      M. Cox         |   |                                                                    |    |   |                                                                      |   |   |                          |   |                        |   |   |   |
|                    |   |                                                                    | 21,000  |   |                                                                      | _      |   |                          | $      | 6.50                        |   | 1/1/11 |
|                    |   |                                                                    | 12,500  |   |                                                                      | _      |   |                          | $      | 8.00                        |   | 1/1/11 |
|                    |   |                                                                    | 12,500  |   |                                                                      | _      |   |                          | $      | 10.00                       |   | 1/1/11 |
|                    |   |                                                                    | 35,000  |   |                                                                      | _      |   |                          | $      | 4.25                        |   | 3/2/11 |
|                    |   |                                                                    | 6,000   |   |                                                                      |   | 4,000  |                          |   | $                           | 3.50 |   | 1/4/14 |
|                    |   |                                                                    | 15,000  |   |                                                                      |   | 10,000 |                          |   | $                           | 5.50 |   | 7/27/14 |

----

|                    |   |                                            |    |   | Option      Awards                           |   |
|-------------------------|--------|-------------------------------------------------|---------|--------|----------------------------------------------|--------|
|                    |   | Number      ofOptionsRepurchasedBy      Company |    |   | Number      ofSharesAcquiredon      Exercise |   |   | Value      RealizedUpon      ExerciseorRepurchase |   |
| Name                    |   | #                                               |    |   | #                                            |   |   | $ |   |
|                    |   |                                            |    |   |                                         |   |   |   |   |
| Andrew      D. Feshbach |   |                                            | — |   |                                         |   | — |   |   |   | — |   |
| Roberta      J. Morris  |   |                                            | 40,000  |   |                                         |   | — |   |   |   | 317,500 |   |
| Anthony      J. Wall    |   |                                            | 50,000  |   |                                         |   | — |   |   |   | 400,000 |   |
| Douglas      N. Nilsen  |   |                                            | 100,000 |   |                                         |   | — |   |   |   | 800,000 |   |
| Michael      Grenley    |   |                                            | — |   |                                         |   | — |   |   |   | — |   |
| Lee      M. Cox         |   |                                            | — |   |                                         |   | 14,000 |   |   |   | 168,048 |   |

| Name                    |   | Value      of Accelerated Vesting (1) |    |
|-------------------------|--------|---------------------------------------|---------|
| Andrew      D. Feshbach |   |                       |    |
| Roberta      J. Morris  |   | $                                     | 65,700  |   |
| Anthony      J. Wall    |   | $                                     | 65,700  |   |
| Douglas      N. Nilsen  |   | $                                     | 65,700  |   |
| Michael      Grenley    |   | $                                     | 214,800 |   |
| Lee      M. Cox         |   | $                                     | 133,300 |   |

|   | (1) | The      value of the accelerated vesting equals the difference (if positive)      between the option exercise price and the last reported stock price for      fiscal 2007, multiplied by the number of options that would have been      accelerated upon a change in control occurring on December 31,      2007. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Description                                                  |   | Amount               |
|--------------------------------------------------------------|--------|----------------------|
| Director      Retainer Fees:                                 |   |                 |
| Non-employee      director retainer fee (excluding Chairman) |   | $25,000      / year  |
| Chairman      retainer fee                                   |   | $15,000      / month |
|                                                         |   |                 |
| Committee      Retainer Fees:                                |   |                 |
| Audit      Committee Chairman                                |   | $15,000      / year  |
| Other      Audit Committee Members                           |   | $10,000      / year  |
| Compensation      Committee Members                          |   | $2,500      / year   |

| Name                             |   | Fees      Earned or Paid in Cash ($) |    |   | Total ($)   |   |
|----------------------------------|--------|--------------------------------------|---------|--------|------------------|--------|
| Fred      Kayne                  |   | $                                    | 180,000 |   |             | $      | 180,000 |   |
| Andrew      D. Feshbach      (1) |   |                      |    |   |  |   |
| Skip      R. Coomber, III        |   | $                                    | 35,000  |   |             | $      | 35,000 |   |
| Steven      C. Good              |   | $                                    | 40,000  |   |             | $      | 40,000 |   |
| David      J. Walsh              |   | $                                    | 37,500  |   |             | $      | 37,500 |   |

|   | (1) | Andrew D. Feshbach, our President      and Chief Executive Officer, was not paid any additional compensation for      his services as a director. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ITEM      12. | SECURITY      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED      STOCKHOLDER MATTERS |
|---------------|----------------------------------------------------------------------------------------------------------|

| Plan      category                                              |   | Number      of securities to be issued upon exercise of outstanding      options, warrants      and rights |      |   | Weighted-average      exerciseprice      ofoutstandingoptions,warrants      andrights |   |   | Number      of securitiesremaining      available forfuture      issuance underequity      compensationplans      (excludingsecurities      reflected infirst      column) * |   |
|-----------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------|-----------|--------|---------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                            |   |                                                                                                            |      |   |                                                                                  |   |   |                                                                                                                                                                         |   |
| Equity      compensation plans approved by security holders     |   |                                                                                                            | 1,424,856 |   |                                                                                  | $      | 4.55   |                                                                                                                                                                         |   |   | 1,071,066 |   |
|                                                            |   |                                                                                                            |      |   |                                                                                  |   |   |                                                                                                                                                                         |   |   |   |   |
| Equity      compensation plans not approved by security holders |   |                                                                                                            | -         |   |                                                                                  |   |   |                                                                                                                                                                         |   |   |   |   |
|                                                            |   |                                                                                                            |      |   |                                                                                  |   |   |                                                                                                                                                                         |   |   |   |   |
| Total                                                           |   |                                                                                                            | 1,424,856 |   |                                                                                  | $      | 4.55   |                                                                                                                                                                         |   |   | 1,071,066 |   |

----

|  Name and Address                                                     |   | Number      of Shares Owned1 |      |   | Options2 |   |    | Total  |   |   | PercentofClass3 |   |
|----------------------------------------------------------------------------|--------|-----------------------------------|-----------|--------|----------|--------|---------|--------|--------|--------|-----------------|--------|
| Fred      Kayne                                                            |   |                              | 5,348,332 | 4      |     |   | 30,000  |   |   |   | 5,378,332       |   |   |   | 56.5 | % |
| c/o      Fortune Financial                                                 |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| 1800      Avenue of the Stars, Suite 310                                   |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Los      Angeles, CA 90067                                                 |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
|                                                                       |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Andrew      D. Feshbach                                                    |   |                              | 660,931   | 5      |     |   | 300,000 |   |   |   | 960,931         |   |   |   | 9.8 | % |
| c/o      Big Dog Holdings, Inc.                                            |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| 121      Gray Avenue                                                       |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Santa      Barbara, CA 9310                                                |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
|                                                                       |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Brightleaf      Capital LLC                                                |   |                              | 573,893   | 6      |     |   | ---     |   |   |   | 573,893         |   |   |   | 6.1 | % |
| 324      Blackwell Street, Suite 520.                                      |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Durham,      NC  27701                                           |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
|                                                                       |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Kayne      Anderson Capital Advisors                                       |   |                              | 532,281   | 7      |     |   | ---     |   |   |   | 532,281         |   |   |   | 5.6 | % |
| Richard      A. Kayne                                                      |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| 1800      Avenue of the Stars, Second Floor                                |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Los      Angeles, CA 90067                                                 |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
|                                                                       |   |                              |      |   |     |   |    |   |   |   |            |   |   |   |   |   |
| Douglas      N. Nilsen                                                     |   |                              | 58,221    |   |     |   | 100,612 |   |   |   | 158,833         |   |   |   | 1.7 | % |
| Anthony      J. Wall                                                       |   |                              | 65,216    |   |     |   | 154,278 |   |   |   | 219,494         |   |   |   | 2.3 | % |
| Roberta      J. Morris                                                     |   |                              | 41,904    |   |     |   | 89,500  |   |   |   | 131,404         |   |   |   | 1.4 | % |
| Lee      M. Cox                                                            |   |                              | 5,884     |   |     |   | 129,000 |   |   |   | 136,184         |   |   |   | 1.4 | % |
| David      C. Walsh                                                        |   |                              | 21,400    |   |     |   | 40,000  |   |   |   | 61,920          |   |   |   | --- |   |
| Steven      C. Good                                                        |   |                              | 3,480     |   |     |   | 40,000  |   |   |   | 43,480          |   |   |   | --- |   |
| Skip      R. Coomber, III                                                  |   |                              | 1,200     |   |     |   | 35,000  |   |   |   | 36,200          |   |   |   | --- |   |
| Michael      Grenley                                                       |   |                              | 0         |   |     |   | 78,500  |   |   |   | 78,500          |   |   |   | --- |   |
| All      directors and Named Executive Officers as a Group (10    persons) |   |                              | 6,207,868 |   |     |   | 996,890 |   |   |   | 7,204,758       |   |   |   | 68.7 | % |

| 1 | Unless      otherwise indicated, each person has sole voting and dispositive power      with respect to the sharesshown. |
|---|--------------------------------------------------------------------------------------------------------------------------|

| 2 | Represents      shares subject to options held by directors and Named Executive Officers      that are exercisable or convertible as of March 31, 2008 or become      exercisable or convertible within 60 days  thereof. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Based      on 9,486,480 shares outstanding on March 31, 2008. Percentage information      is omitted for individuals who own less than one percent of the      outstanding shares of Common Stock and the shares deemed outstanding due      to exercisable or convertibleoptions. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | All      such shares are owned by the Fred and Lenore Kayne Family Trust, of which      Mr. Kayne and his wife areco-trustees. |
|---|--------------------------------------------------------------------------------------------------------------------------------|

| 5 | All      such shares are owned by the Feshbach Family Trust, of which Mr. Feshbach      and his wife are co-trustees |
|---|----------------------------------------------------------------------------------------------------------------------|

| 6 | Based      on a Schedule 13G dated February 14, 2008 filed with the Securities and      Exchange Commission. According to such 13G, 142,700 shares of Common Stock      are owned by Brightleaf Partners Limited Partnership (“Brightleaf”) and      431,193 shares are owned by Blackwell Partners, LLC      (“Blackwell”).  Brightleaf Capital LLC manages the investments      for Brightleaf and Blackwell. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | Based      on a Schedule 13G dated April 3, 2008 filed with the Securities and      Exchange Commission. According to such 13G, The reported shares are owned      by investment accounts (limited partnerships, a registered investment      company and institutional accounts) managed, with discretion to purchase      or sell, by Kayne Anderson Capital Advisors, LP (“KACA”). KACA is the      general partner (or general partner of the general partner) of the limited      partnerships and investment advisor to the other      accounts.  Richard A. Kayne is the controlling shareholder of      the corporate owner of Kayne Anderson Investment Management, Inc., the      general partner of KACA.  Richard A. Kayne is the brother of      Fred Kayne. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ITEM      13. | CERTAIN      RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR    INDEPENDENCE |
|---------------|-------------------------------------------------------------------------------|

----

| Name                   |   | Note      Principal |    |   | Conversion      Shares |   |
|------------------------|--------|---------------------|---------|--------|------------------------|--------|
| Michael      Grenley   |   | $                   | 900,000 |   |                   |   | 50,000 |   |
| Anthony      J. Wall   |   | $                   | 500,000 |   |                   |   | 27,778 |   |
| Roberta      J. Morris |   | $                   | 360,000 |   |                   |   | 20,000 |   |
| Lee      M. Cox        |   | $                   | 360,000 |   |                   |   | 20,000 |   |
| Douglas      N. Nilsen |   | $                   | 200,000 |   |                   |   | 11,112 |   |

----

| ITEM      14.  |  PRINCIPAL      ACCOUNTING FEES AND SERVICES |
|---------------------|---------------------------------------------------|

|                    |   | 2007   |    |   | 2006   |   |
|-------------------------|--------|--------|---------|--------|--------|--------|
|                    |   |   |    |   |   |   |   |   |
| Audit      Fees         |   | $      | 218,357 |   |   | $      | 169,685 |   |
|                    |   |   |    |   |   |   |   |   |
| Audit-Related      Fees |   |   | 66,420  |   |   |   | 60,533 |   |
|                    |   |   |    |   |   |   |   |   |
| Tax      Fees           |   |   | 0       |   |   |   | 0 |   |
|                    |   |   |    |   |   |   |   |   |
| All      Other Fees     |   |   | 15,919  |   |   |   | 4,396 |   |

| ITEM      15.  | EXHIBITS,      FINANCIAL STATEMENT SCHEDULES. |
|---------------------|-----------------------------------------------|

|  | (a)      1. | The      financial statements listed in the “Index to Consolidated Financial      Statements” at page F-1 are filed as a part of this  report. |
|--|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2. | Schedule      II - Valuation and QualifyingAccounts |
|--|----|-----------------------------------------------------|

| 3. | Exhibits      included or incorporated herein: |
|----|------------------------------------------------|

|  | (b) | Exhibits      required by Item 601 of RegulationS-K |
|--|-----|-----------------------------------------------------|

----

|   | BIG      DOG HOLDINGS, INC.  |
|--------|-----------------------------------|
|   | By                                | /s/      Andrew D. Feshbach |
|   |                              |  Andrew      D. Feshbach |
|   |                              | Chief      Executive Officer and President |

| SIGNATURE                   |   | TITLE                                                                 |   | DATE                |
|-----------------------------|--------|-----------------------------------------------------------------------|--------|---------------------|
|                        |   |                                                                  |   |                |
| /s/      Andrew D. Feshbach |   | Chief      Executive Officer, President and                           |   |                |
| Andrew      D. Feshbach     |   | Director  (Principal      Executive Officer)                |   | April      29, 2008 |
|                        |   |                                                                  |   |                |
| /s/ Roberta      J. Morris  |   | Chief      Financial Officer, Treasurer and                           |   |                |
| Roberta      J. Morris      |   | Assistant      Secretary (Principal Financial and Accounting Officer) |   | April      29, 2008 |
|                        |   |                                                                  |   |                |
| *                           |   |                                                                  |   |                |
| Fred      Kayne             |   | Chairman      of the Board                                            |   | April      29, 2008 |
|                        |   |                                                                  |   |                |
| *                           |   |                                                                  |   |                |
| Skip      R. Coomber, III   |   | Director                                                              |   | April      29, 2008 |
|                        |   |                                                                  |   |                |
| *                           |   |                                                                  |   |                |
| Steven      C. Good         |   | Director                                                              |   | April      29, 2008 |
|                        |   |                                                                  |   |                |
| *                           |   |                                                                  |   |                |
| David      J. Walsh         |   | Director                                                              |   | April      29, 2008 |

| *      | By:    | /s/ Anthony      Wall |
|--------|--------|-----------------------|
|   |   | Attorney      in Fact |

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| Exhibit      Number |   | Description                                                                                                                                                                                                                                                                    |
|---------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                |   |                                                                                                                                                                                                                                                                           |
| 2.1                 |   | Second      Amended Plan of Reorganization of Shoes Liquidation Co. (formerly The      Walking Company) and Alan’s Shoes, Inc., confirmed on March 2, 2004.      (1)                                                                                                     |
|                |   |                                                                                                                                                                                                                                                                           |
| 2.2                 |   | Order      of the United States Bankruptcy Court for the Central District of      California confirming the Second Amended Plan of Reorganization of Shoes      Liquidation Co. (formerly The Walking Company) and Alan’s Shoes, Inc.,      entered on March 2, 2004.(1) |
|                |   |                                                                                                                                                                                                                                                                           |
| 2.3                 |   | Asset      Purchase Agreement, dated May 20, 2005, by and among The Walking      Company, as buyer, Bianca of Nevada, Inc., a Nevada corporation, as      seller, and Sal Palermo, as shareholder. (7)                                                                    |
|                |   |                                                                                                                                                                                                                                                                           |
| 2.4                 |   | Asset      Purchase Agreement, dated January 31, 2006, by and among The Walking      Company, as buyer, and Steve’s Shoes, Inc., Debtor in Possession, as      seller. (9)                                                                                               |
|                |   |                                                                                                                                                                                                                                                                           |
| 3.1                 |   | Amended      and Restated Certificate of Incorporation (2)                                                                                                                                                                                                                     |
|                |   |                                                                                                                                                                                                                                                                           |
| 3.1A                |   | Certificate      of Correction (3)                                                                                                                                                                                                                                             |
|                |   |                                                                                                                                                                                                                                                                           |
| 3.2                 |   | Amended      and Reinstated Bylaws (3)                                                                                                                                                                                                                                         |
|                |   |                                                                                                                                                                                                                                                                           |
| 4.1                 |   | Reference      is hereby made to Exhibits 3.1, 3.1A, and 3.2                                                                                                                                                                                                                   |
|                |   |                                                                                                                                                                                                                                                                           |
| 4.2                 |   | Specimen      Stock Certificate (2)                                                                                                                                                                                                                                            |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.1                |   | Term      Loan Note, dated August 31, 2005, among the lenders signatory thereto,      Wells Fargo Retail Finance II, LLC, as agent, and Big Dog USA, Inc. and      The Walking Company, as borrowers. (8)                                                                      |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.2                |   | Promissory      Note Secured by Letter of Credit, dated August 31, 2005, among the lenders      signatory thereto, Bianca of Nevada, Inc., as payee, and The Walking      Company, as maker. (8)                                                                               |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.10               |   | Amended      and Restated 1997 Performance Award Plan (5)                                                                                                                                                                                                                      |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.10A              |   | Form      of Employee Nonqualified 1997 Performance Award Plan(2)                                                                                                                                                                                                              |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.10B              |   | Terms      and Conditions for Non-Qualified Options Granted under the Amended and Restated      1997 Performance      Award Plan (4)                                                                                                                                           |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.10C              |   | Form      of Eligible Director Non-Qualified Stock Option  Agreement      (4)                                                                                                                                                                                        |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.11               |   | Lease      between Big Dog USA, Inc. and The Prudential  Insurance Company      of America dated November 4, 1997 (3)                                                                                                                                                |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.12               |   | Form      of Indemnification Agreement (1)                                                                                                                                                                                                                                     |
|                |   |                                                                                                                                                                                                                                                                           |
| 10.13               |   | Lease      between Big Dog Holdings, Inc. and TKC XCIX, LLC dated March 13, 2006      (10)                                                                                                                                                                                     |
|                |   |                                                                                                                                                                                                                                                                           |
| 21.1                |   | List      of Subsidiaries of Big Dog Holdings, Inc. (6)                                                                                                                                                                                                                        |
|                |   |                                                                                                                                                                                                                                                                           |
| 23                  |   | Consent      of Independent Registered Public AccountingFirm                                                                                                                                                                                                                   |

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| 24.1   |   | Power      of Attorney (included in signature page)                                                                                                                                                                                                                                                                     |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 31.1   |   | Certification      of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley      Act of 2002                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 31.2   |   | Certification      of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley      Act of 2002                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 32.1   |   | Certification      of Chief Executive Officer and Chief Financial Officer Pursuant to 18      U.S.C. Section 1350,as Adopted Pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 99.1   |   | Loan      and Security Agreement, dated March 3, 2004, among the lenders signatory      thereto, Wells Fargo Retail Finance II, LLC, as agent, and The Walking      Company (formerly TWC Acquisition Corp.), as  borrower.(1)                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 99.2   |   | Third      Amendment to Loan and Security Agreement, dated March 3, 2004, among the      lenders signatory thereto, Wells Fargo Retail Finance II, LLC, as agent,      and Big Dog Holdings, Inc., Big Dog USA, Inc. and CSI Acquisition      Corporation, as borrowers.(1)                                             |
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 99.3   |   | First      Amended, Restated and Consolidated Loan and Security Agreement, dated July      7, 2005, among the lenders signatory thereto, Wells Fargo Retail Finance      II, LLC, as agent, and Big Dog Holdings, Inc., Big Dog USA, Inc., and The      Walking Company, as borrowers. (7)                              |
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 99.4   |   | Third      Amendment to First Amended, Restated, and Consolidated Loan and Security      Agreement, dated November 28, 2006, among the lenders signatory thereto,      Wells Fargo Retail Finance II, LLC, as agent, and Big Dog Holdings, Inc.,      Big Dog USA, Inc., and The Walking Company, as borrowers.    (11) |
|   |   |                                                                                                                                                                                                                                                                                                                    |
| 99.5   |   | Sixth      Amendment to First Amended, Restated, and Consolidated Loan and Security      Agreement, dated March 24, 2008, among the lenders signatory thereto,      Wells Fargo Retail Finance II, LLC, as agent, and Big Dog Holdings, Inc.,      Big Dog USA, Inc., and The Walking Company, as  borrowers.           |

|  | (1) | Incorporated      by reference from the Company’s Current Report on Form 8-K filed as of      March 3, 2004.  The exhibits and schedules to the Plan have been      omitted from this filing pursuant to Item 601(b)(2) of Regulation      S-K.  Big Dog Holdings, Inc. will furnish copies of any of such      exhibits and schedules to the Securities and Exchange Commission upon      request. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | Incorporated      by reference from the Company’s S-1 Registration Statement (No. 333-33027)      as amended , which became effective September 25,  1997. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (3) | Incorporated      by reference from the Company’s Annual Report on Form 10-K for the year      ended December 31, 1997. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------|

|  | (4) | Incorporated      by reference from the Company’s Schedule TO filed July 31,      2000. |
|--|-----|-----------------------------------------------------------------------------------------------|

|  | (5) | Incorporated      by reference from the Company’s Annual Report on Form 10-K for the year      ended December 31, 1998. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------|

|  | (6) | Incorporated      by reference from the Company’s Annual Report on Form 10-K for the year      ended December 31, 2003. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------|

|  | (7) | Incorporated      by reference from the Company’s Quarterly Report on Form 10-Q for the      period ended June 30, 2005. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------|

|  | (8) | Incorporated      by reference from the Company’s Quarterly Report on Form 10-Q for the      period ended September 30, 2005. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------|

|  | (9) | Incorporated      by reference from the Company’s Annual Report on Form 10-K for the year      ended December 31, 2005. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------|

|  | (10) | Incorporated      by reference from the Company’s Current Report on Form 8-K filed as of May      4, 2006. |
|--|------|------------------------------------------------------------------------------------------------------------------|

|  | (11) | Incorporated      by reference from the Company’s Current Report on Form 8-K filed as of      December 20, 2006. |
|--|------|------------------------------------------------------------------------------------------------------------------------|

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