In the fashion of a Thai bag (which is made from two pieces of cloth).
I used some New Grey Raver from Dashing Tweeds. I had intended to make a top out of it, as illustrated in the previous post, but I lost the nerve (and the fabric isn't cheap!). So I just made this simple bag which folds up beautifully small and seems almost invisible until it reflects. I figure that while cycling you can wear it across the body so it would work like a sash. Because of the cycling use, I made it a bit shorter than normal.
Below is the bag when photographed with a flash.