You know - you just have to be able to have fun with the names.  Looked at this braided purse/bag pattern and the first thing that came to mind was Beam/Braid me up Scotty.  This is such a fun bag - about 16" X 14" X 5" and you can make it elegant or funky - depending on the fabrics you choose.  It has a pocket, is fully lined and can easily be made from jelly rolls.  Braided handle gives it it's own look.