There was a thread awhile ago about knitted gift bags, so I thought I'd post one that I knitted up two nights ago. I used the "baglove" pattern: http://cidermoon.com/cm0128.html
and used three different colors. I used the bag as a gift bag for various beads that I'm mailing to a beader friend, so I added two large glass heart-shaped beads to the ends of the i-cord.
This was a very quick knit, even for a slow knitter like myself! I knit the bag during the course of one evening and finished the i-cord the next day.
(Please let me know if the photo is too big and I'll resize it immediately!!)