Although I had never heard of a Furoshiki Bag before I saw this, I was instantly enthralled by the design. According to wikipedia, a Furoshiki is a traditional Japanese wrapping cloth used for carrying things. This cotton bag is a slight spin on the old design. This origami like bag can be folded into several different positions, depending on what you need to carry. The handle attach to each other with magnets to hold things tight. If you get bored of the color, its reversible. It even folds up nice and small for when you aren't carrying anything. Available in orange, yellow, blue and green.

Available from Compact Impact for $59. Comments? Post them here in the forums.