(Although it doesn't look like it in the picture, it is in fact rectangular.)
Otter made this today. It's similar to the felt ones she made a couple of years ago, one of which is already on here previously. I use it to hold some of my crochet hooks. Otter's not sure what this one will be for, it's a little small for pencils, but she'll find a use for it.
It's about 7" wide. It's an easy pattern, all it needs is fabric, thread and a zipper. This one has a 7" zipper.