TA DA! It's a simple clutch purse or wristlet. The wrist strap is detachable. It's unlined because the faux leather is fairly thick and won't fray. I also wanted to whip up something pretty quickly and this came together in about 20 minutes.
I also made a monogrammed pencil case. The "J" is cut out of felt.. It uses the exact same method as the wristlet, but it's slightly narrower. It also lacks the wrist strap.
They would both make easy presents for the holiday's, right?
Here's the method I used to construct both, skipping the lining, so it's even faster. The dimensions are different but the idea's exactly the same!