What you needFelted wool (instructions given below)
Shoe lace (either one 24 inch, or 2 twelve inch)
Needle and thread
Read through all the instructions at least once before beginning.
To felt a wool sweater, it must be 100% wool.
Place the sweater into the washing machine, and let it go through a full cycle, using hot water and soap.
The agitation of the machine is what shrinks the wool. Dry in the dryer, or air dry.
Cut the sweater apart at the seams so you have a flat piece to work with. Cut a square of felted wool to measure 6 inches by 6 inches.
Fold in half, and stitch up two sides, leaving one side open to form the top of the pouch. If sewing the sides up by hand with a needle and thread, it is recommended you go over the seam twice to secure it. Cut a small square of felted wool, about 1 1/2 inches square.
Place in the center of the pouch and stitch in place.
Using the hard end of the shoe lace, pass through the felted wool, about 1/2 inch down from the top of the pouch. If it is too difficult to pass through, puncture through with the end of scissors, or even with a pencil tip to make it more feasible.
Bring the ends of the shoe lace together, using about 1/2 of the lace if it is a 24 inch lace, and tie into a knot. Using the remaining shoe lace, tie into a bow, and stitch into the center of the small square of felted wool in the center of the pouch. Pass a key ring through the felted wool, on one side of the top.
The pouch can now be attached to the strap of a purse, or to the belt loop of jeans!