It's a Cinch Bag from Two Old Bags
This worsted weight wool drawstring bag is knit circularly from the square base to the top of the bag. The handle is I-cord. After felting, grommets are inserted and the bag is ready to be cinched!
Yarn: 660 yards of worsted weight wool yarn. Models used 3 skeins of Cascade 220 (220 yards/100g skein)
Needles: 16" and 24" long circular needle in size 10.5US. Double point needles in size 10.5US
Finished measurements: Base is 8"x8"; height is 10"