I was inspired by the Stitch n' Bitch poster boy bag, but wanted something sturdier. So, I knitted an intarsia image of Bettie Page, knitted a backside and bottom and seamed them all together and threw it in the washing machine. Voila! felted bag! For the top trim, I knitted some boa yarn into a ring and sewed it on. The purse handles were natural bamboo and I laquered them black to go better with the bag. In the future I would probably not use Lamb's Pride to knit an intarsia image. Because of the mohair content, Bettie had 5 o'clock shadow when she first emerged from the washing machine. After blocking, I was able to fix that with a disposable razor (really!), but probably should have used a less fuzzy yarn in the first place.
and here's the inside of the bag. Although you can't see it, the bottom was reinforced by sewing in a piece of plastic canvas so that it wouldn't sag.