A few years ago I purchased a huge barrel at an auction for $1. It was full of old wool suits and dresses. I have been attempting to make use of the variety of colors and textures since I bought it, and the pile inside the barrel is slowly going down. The barrel is currently in a storage unit across town, but while moving I grabbed a bunch of wool to play with.
Trim is also something I have an over abundance of. The handles were made from bias tape and I hand-stitched rickrack around the top edge using floss.
The tutorial for these little bags has now been published on FaveCrafts.
You can find the tutorial here.