I found this pattern for the Cupcake Cake Purse and wanted to make something like it for my daughter. So, I managed to make something like it, only smaller. Here is the Cupcake Wrist Bag I made:
My three year old absolutely love it and takes it everywhere with her! I didn't write down how I did it though, and now my younger sister-in-law wants one too, so looks like I'll be writing it down this time.