I just finished the Patchwork Bag from Amy Butler's "In Stitches" Book and I love it! I made the dimensions bigger (6x6x18 instead of 5x5x15) and I used 9 fabrics from Heather Bailey's Fresh Cut line. I'm totally in love with it! I'm using it as my knitting bag. I'm going to be sewing a small bag (with a magnetic clasp) to keep misc knitting items in it and a coordinating needle roll for my crochet hooks and DPNS.
The inside with my cell phone pocket, on the other side is a magnetic clasp that has a loop attached to the other part of the clasp so I can attach my keys: