Uh, er, umm, duh, things cannot be dropped in space.
That tool bag is just one of thousands and thousands of objects orbiting the Earth. At least when things are at the same distance above Earth they are orbiting at the same velocity and in the same direction. Once orbit is acheived, the danger form these objects is not too high. That bag will eventually re-enter the atmosphere, but it will be up there for along time.
You said — “Uh, er, umm, duh, things cannot be dropped in space.”
Ummm..., yes you can... LOL...
An “orbit” is to “continuously fall towards earth” — which can be considered “dropping” towards earth, continuously... That is precisely what an “orbit” is...