Origami Bags are simple, yet stunning - MY kinda project! They're also fun and fast - taking about an hour a piece. Final dimensions are about 6 x 7 x 2 inches. You can actually fit quite a bit in one of these little pouches.
This pattern comes from The Stitcher's Crossing (http://www.stitcherscrossing.com/), where they sell handy-dandy Origami Bag kits or you can buy some fabric and they'll give you the pattern free. All you need is two fat quarters per bag.