Here's the original Sneak peek,
And here's the bag! Felted, out of Caron Felt-It, this pattern is going to be available as a PDF as soon as my helper gives the pattern a once-over. I call it the "Pout Bag" because it is kind of a tear-drop shape, but it's too cute to be sad, so, it's just a 'pout'. I found the big 5" steel rings at Hobby Lobby.