Test swatch in Paton's Classic Wool Merino, needle size US 10. Hand-felted, took forever:
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Coaster in 3 colors of Paton's Classic Wool Merino, needle size US 10.5. Hand-felted, took even more forever:
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Sis-in-law's cool purse (she crocheted it, not me):
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How I made the coaster:
Cast on 80 sts. in yarn color A to US 10.5 DPNs using long tail cast on method.
Cast on counts as round 1.
Round 2: P all sts.
Round 3: (K1, K2tog, K 14 sts., SSK, K1) 4 times.
Round 4: P all sts.
Round 5: (K1, K2tog, K 12 sts., SSK, K1) 4 times.
Round 6: P all sts.
Round 7: (K1, K2tog, K 10 sts., SSK, K1) 4 times.
Round 8: P all sts.
Round 9: Switch to yarn color B. Then (K1, K2tog, K 8 sts., SSK, K1) 4 times.
Round 10: P all sts.
Round 11: (K1, K2tog, K 6 sts., SSK, K1) 4 times.
Round 12: P all sts.
Round 13: (K1, K2tog, K 4 sts., SSK, K1) 4 times.
Round 14: P all sts.
Round 15: (K1, K2tog, K 2 sts., SSK, K1) 4 times.
Round 16: P all sts.
Round 17: Switch to yarn color C. Then (K1, K2tog, SSK, K1) 4 times.
Round 18: P all sts.
Round 19: (K2tog, SSK) 4 times.
Round 20: P all sts.
Bind off by running yarn through remaining 8 stitches and pull to close.
Weave in ends then felt, felt, felt. Block in spiffy octagon-ish shape.