It would work with a backpack, or traditional schoolchild's satchel worn on the back, or even a bag that's worn on one hip with the strap across your chest . Anything type of bag that you wear on your body - as opposed to carrying in your hand - can be put on and taken off.
If you hold in a bag in your hand, then you 'pick it up' to take it somewhere, and then 'put it down' when you've arrived.
In other words, if you wear the object on your body, you put it on and take it off.
If you carry the object in your hand, you pick it up and put it down.
I hope that makes sense.