With the holidays coming, it seems like a good time to get back to this little gift pouch. There is not a pattern for this yet.
To give you perspective on the size, the button is one of these blue pin dot 1.25" ones. I'm going to make a larger version of this pouch, but the concept probably works best for small things.
Though I tend to think of one side as the lining, this is reversible. Here it is turned around: