So I wanted to give felting a try, but didn't have the patience to get involved in a complicated pattern right now.
So... I knitted a rectangle, folded it in half, and sewed it up. Threw a little i-cord handle on it. And voila...
The top is Lion Boucle (I think the color scheme is Hard Candies) and the rest is Lamb's Pride bulky in chianti and raspberry (left over yarn from a Windy City Scarf from SnB). Should have put something in the photo for size perspective, but it's probably big enough for a cell phone, keys, and a small change purse.
It took 2 run-throughs in the wash before the wool really felted, but it was a super-quick project. The kniting itself only took about 2 hours. My next project is going to be the Skull & Bones mini felted tote from Hello Yarn (http://www.helloyarn.com/miniskulltote.htm)! Now there's a fun little bag! Yippee!