For her birthday this year (on time!), I made a tote bag for her out of the same fabric. I used It's so Easy/Simplicity pattern #2402. It can fold up and fit in a little pouch. I think it's a pretty nice tote. It's strong, and it is lined with a red cotton broadcloth for even more sturdiness (and so there aren't as many seams showing in the bottom). The pouch is cool too. I used a magnetic snap to close it, and it has a little clip on it, so it can be attached to the tote when the tote is unfolded.
I still have enough fabric for one more project for Carolyn. We'll see what it becomes.