This is a little purse I made for my god-daughter's fourth birthday present. I filled it up with little goodies like art supplies, sparkly hair clips, and a wood bead necklace kit. I like it's rainbowy goodness I sort of patterned it after the look of the Orange You Glad bag in The Happy Hooker book, but didn't follow the book's pattern.
Basically, I made two squares the same size out of Red Heart variegated yarn (I think it was 24 or 25 single crochet by 30 rows) and then a strap about 8 or 9 single crochets wide and as long as seemed appropriate. Then I sewed all the pieces together with single crochet and a plain color yarn and then added some reverse single crochet along the top edges of the squares. I don't think I've ever made anything with quite this concentration of single crochet, but I think it came out pretty well. Hope you like the rainbowy goodness, too!