I've refelted clogs after they were dried in an attempt to make them smaller. They weren't harmed in the process in any way. If you like the size of the bag, you could just soak it and block it.
"Trust the pattern!"
Time flies like an arrow, but fruit flies like a banana.
Hop aboard while we follow the cloud-covered van of knitting harmony, man!! Woooo!! --Hedgehog
IngridKH on Ravelry