Supplies:

2 skeins Reynolds Original Lopi (shown in color #308) or other bulky weight 100% wool yarn, approx. 200 yards total.  BEWARE!!!  White Lopi may not felt!  Some of the other light colors might not, either.

Size 13 US circular needles, 20" long

Washing machine for fulling

Gauge:

3 sts. per inch.  Row gauge unimportant. Stitch gauge not terribly important, either.  Close is good enough.

Pattern:

C/O 80 sts.  Place marker, join and knit in stockinette stitch for 2.5 inches.  Place stitch markers on last round:  k 8, place marker, k 24, pm, k 16, pm, k 24, pm, k8.   These markers define the corners of the bag. 

Handles:

On the next row, k 10, cast off 20, k20, cast off 20, k 10.  Next row, knit around, casting 20 sts. back on  where you cast them off in the previous row.

Work to a total of 16" from top of bag, then begin decreasing for bottom.

Mitered bottom:

You'll be decreasing before and after each of the 4 corner markers (ignoring beginning of row marker)  to create a flat bottom on the bag. 
Next row: knit to 2 stitches before marker, k2tog, slip marker, ssk, continuing to decrease around in this method.
Continue decreasing every row until the short sides of bag have 2 stitches each. 
Next row: Knit the stitch before and after the markers together, removing marker, ending at beginning of row marker.

Position stitches on two needles with equal amount on each needle, with the tips of your needles where the beginning of the row was.  Turn bag inside-out, do three needle bind off and weave in all ends.

Fulling: 
Throw your finished bag and an old pair of jeans in a washing machine on hot.  Use a little soap.  Keep an eye on things and felt the bag until it's the size you want.  Mine took two short cycles.  The bag above is about 13" wide by 10" high when laid flat.  Air dry it and enjoy!
 

All content and photos are © Hello Yarn.  All rights reserved.