I saw a little knitted gift bag at Target in the Christmas section and I knew if would be an easy thing to do!
I used Kathmandu Aran Tweed for this that is a blend of wool, silk, and cashmere! This color 130 on the label, and it is a light purple with flecks of green.
I cast on 50 stitches onto size 8-16" circular needs and knitted in the round til I was satisfied and then did a P1, K1, for a few more rows and then cast off. I threaded some ribbon on my large needle and wove through the top to tie it up with.
I will be using some of my 1/2 skein stash to make some more to have on hand for small gifts!