At 2:00 today (right at three hours ago), I was at the Goodwill store poking through the sweaters, trying to find one made of 100% wool so I could felt it. I bought two things. A vest the size of my kitchen table in the men's section and a 100% alpaca cabled sweater with several moth holes in the women's section. When I got home, I stuffed the vest in a pillowcase and popped it in the washing machine. After two cycles and a tumble in the dryer, it was felted nicely! Here's a pic of the sweater before felting.
As you can see, it has an allover fair isle pattern. Just little dots to add flecks of color, but it made for very nice floats on the back, creating a "striped" side after felting. I thought this would be really cute for the inside. After cutting out the rectangles for the purse, I started sewing and realized that the stripes were so cute. My husband gave his nod of approval, "The stripes give it character." So, I changed my mind and put the stripes on the outside. This meant I would have the seams showing, but I like the look. The finished purse (done at 4:45), is a little floppy, but that's okay. I love it! There's a few things I'll do differently next time, but this was a great learning experience! And talk about instant gratification. Here's the purse: