I made a purse for my daughter and sent it in a care package when she was at summer camp last year.

The drawstring handle/strap can be worn two ways.

As a long strap:

Or as two medium-length handles (shown here with the bag open, in the first photo with the bag closed):

I also made a little pouch from the pink contrast yarn:

Craft Info:
Date made: June 2007
Yarn: Worsted weight cotton, brown and variegated pink
Needles: Size 10 bamboo circular needles