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This self-lining ornament could be tied with those bits of cord or yarn that are to good to toss. A floral pic or miniature toy ornament or tiny candy cane would look enchanting peeking out from the top of the bag. Alternatively, if the opening for turning the bag right side out is stitched shut before inverting, this would make a functional min-gift bag. And of course, the green end could become the lining, giving the complementary look.
The illustrations below were done on a quilting-weight test swatch.