I had one of those "I could make that!" moments at the craft store this weekend. The culprit was a yarn cozy, big enough to hold one ball or small skein of yarn. My daughter and I were looking over the apparatus, which cost approximately $13. It had a clear plastic bottom with a drawstring top. The plastic bit reminded me strongly of a pile of recyclables I've been saving for just such a purpose! If you've ever bought a value-sized package of writable cds or dvds, you know just what I'm talking about. I've used the lid from one for ages to keep my balls of yarn from dancing around and enticing my cats. Take it a step further, and it's a cozy caddy and cute, too!
EDIT: I've added a photo of a similar container made with a 2 liter soda. If you use the soda bottle, just trim it down, and follow the same steps, using a hole punch instead of a drill. it's not quite a sturdy, but it's definitely easier!
Drill holes along the 1/2" marks on the tape. Just a quick warning here: I broke a hole punch in my enthusiasm to make this project. Use a drill if you have one, putting a piece of scrap wood behind the plastic to catch the drill bit when it pops through. And please be careful, power tools are, after all, power tools!
Row 10: Ch 1, sc around, sl st in first sc to join.
Row 11: Ch 2, sl st in next sc, *ch 2, sl st in next sc* around. Finish off.
Ch 75. Pull ends tight, trim to approximately 1" or weave in ends. For some fun varation, use a ribbon or other trim as a drawstring.