I wanted a small bag that I could carry my mp3 player, the phone, etc around the house without having to attach it to my belt, or carry it, so this is what I came up with. The yarn was given to me from my friend Ingrid (also the person who taught me to knit - thank you Ingrid!), I dyed the yarn using food coloring. Check out this link to see more information than you could ever need about dyeing yarn using Kool Aid - of course, I couldn't just follow the directions - I had to use food coloring.
Pattern was a smiple 6 stitch cable (one front / left leaning and one back / right leaning). I just sewed up the sides and made a strap using a Clover Wonder Knitter that I picked up from AC Moore.