These are so cute! I found the idea and tutorial at http://noodleheads.blogspot.com/2010/04/gathered-clutch-tutorial.html. This is an awesome wallet/clutch, but it would also be great for a pencil or makeup bag!
There's so many possibilities!! If you sew a lot and have fabric scraps, you probably won't even need to buy fabric to make one. I made these all out of scraps I had from previous projects.
Here's the pockets I put in mine. You can totally be creative with this part. If you try making these, please send me a picure. I'd love to see how it turns out! Also, friends and family, don't be surprised if you unwrap one of these cuties for Christmas. ;)