I successfully knitted and felted a Booga Bag! This was my first felted object and it was fun to do. I used Lambs Pride Worsted. It's a very nice soft yarn. Softer after felting. I looked at Noro in the store and I thought it was rather scratchy. Lambs Pride had a nice rainbow selection of colors. Since this was a knitting "experiment" for me I chose colors for me. I'm keeping this. Purple is my favoite color. I think the purple yarn was called Violet, but I might be wrong. The green is Kiwi.
I finished the actual knitting a couple weeks ago; because of the striping and stranding everyone kept saying it looked like a hat from a Dr. Seuss story. The stranding was new for me too, it was a simple pattern and if my strands weren't straight on the back I figured the felting would take care of that. The pattern of strands and stripes I made up as I went along and I think it has a nice symetrical effect. There were some odd ball errors here and there but the felting process corrected them all.
For the actual felting I followed the instructions in the article at Knitty.com. I had loads of fun watching my bag magically shrink. Last night I put in my lining which is backed with very stiff interfacing but lends a good dose of sturdiness to the bag.