Knitted Drawstring Pouch Pattern

It's nice to have big bags for things, but sometimes it's nice to have littler bags, too. 

Here's a pattern for a quick and easy drawstring bag to hold those little things. It's worked from the top down in a very easy-to-pick-up lace pattern; and most of it's on some pretty big needles, so you'll just fly through it, trust me. I use my bag as a fabric scrap bag!

Materials

Size 7 and size 10 16" circular needles

Blunt tapestry needle for finishing

1 ball Lily Sugar n' Cream 100% cotton yarn (or any worsted weight yarn)

Gauge

Gauge is not critical for this pattern.

Pattern Stitch: 

Rnd 1: Knit

Rnd 2: *Yo, k2tog; repeat from * around.

Rnd 3: Purl.

Repeat rnds 1-3 for pattern stitch.

Directions:
Bag is worked from top down.

Top of Bag/Drawstring Eyelets

CO 76 sts, and join for knitting in the round.

Rnd 1: Purl

Rnd 2: Knit

Rnd 3: Purl

Rnd 4: K1, *yo, k2tog, k1; repeat from * around.

Repeat first 3 rows.

Bag Body

Change to size 10 needle.

Work 12 repeats of 3-rnd eyelet pattern. Knit 1 rnd.

Bag Base

Change back to size 7 needle. Knit 1 rnd.

Work decreases for base:

Rnd 1: K1, *k2tog, k6; repeat from * around.

Rnd 2: Knit. (this is the only rnd you will knit between decrease rnds)

Rnd 3: K1, *k2tog, k5; repeat from * around.

Rnd 4: K1, *k2tog, k4; repeat from * around.

Rnd 5: K1, *k2tog, k3; repeat from * around.

Rnd 6: K1, *k2tog, k2; repeat from * around.

Rnd 7: K1, *k2tog, k1; repeat from * around.

Rnd 8: K1, k2tog around.

Break yarn and thread through remaining stitches. Weave in ends.
Drawstring
Make an approx. 30" single crochet chain. Weave through eyelets at top of bag, and double-knot at each end, cutting off tails.