As an experiment I tried using my Folk Art Craft acrylics to see if they would work as fabric paint. While they dry a little stiff, they didn't seem to fade, which is what I'd read could happen.
What every knitter needs is a needle roll, and I thought it would also be handy to have pockets for the other things I tend to hunt out while knitting - scissors, a tape measure, yarn needles, pegs for holding books open, as well as the usual knitting needles, crochet hooks and my new dpns! Also, I wanted room to grow.
As you can see, my supplies are delightfully mismatched, since I've been picking up knitting needles from charity shops for about 20p a pair, and my dpns I got as part of someone's clearout on ebay ready to start my adventures in sock knitting.
I pretty much made this up as I went along and I love how it's turned out (click for bigger pictures).