$1 to subscribe Time magazine and receive free gift

Hi guys, just receive this offer via email, thought it would be a bargain. If it's not generic to you guys, just pass this by. The email said I was chosen to receive these special introductory offer and this is for students only. It costs only $1 to subscribe to Time magazine. You'll receive 1 hard issue for $1 and also: executive backpack as a free gift, up-to-the minute news coverage and analysis, award-winning photography, special issues like Time 100, Journey and Person of the year; also Time in printing or eBook and unlimited access on Time. With more than 300,000 articles dating back to 1923, it sounds kind of cool right. Anyway, hope this is useful for you.