It's a ball of 4ply tweed I got cheap because it was a funny dye-lot. I just knitted a st st tube, folded it for double thickness, kitchenered up the end and threw it in the washing machine. Once felted I sewed the zip and a few decorative buttons. Done. Perfect size for my pda and a few business cards. An evening's knitting, an evening's sewing.
It was my birthday yesterday, and my lovely BF made me a cake. A chocolate Guinness cake (recipe in Feast). As you can tell from how much was left by the time it was light enough to take a photo, it's good cake.