Stamps
Fifth Avenue Floral (#113734)
Paper
Cherry Cobbler (#119685)
Not Quite Navy (#101722)
Ink
Basic Black (#101179)
Rose Red (#101778)
Versa Mark (#102283)
Stampin’ Up! Accessories
Sticky Strip (#104294)
Your Choice of Brads or Buttons
Clear Embossing Powder (#109131)
(Powder Pal - #102197)
Heat Tool (#100005)
(Bone Folder - #102300)
Clear Envelopes (#102619)
Paper Cutter (#104152)
Whisper White Medium Envelopes (#107301)
3/16" Corner Small Punch (#119871)
(Big Shot - #113439)
(Top Note Die - #113463)
Non-Stampin’ Up! Accessories
Velcro Circles
Computer Paper
Take an 8 1/2" x 11". Score at 5 1/8" from both directions (length-wise). Then measure in (on the top and bottom) 3/4" on each corner. Cut from that mark to the edge of the closes score line. (You will be cutting diagonally). That is the purse.
Then for the "Purse Flap" cut a piece of a coordinating CS 3-1/2" x 5" (Or use the top note die if you have it). Score at 2-1/4" from both sides (length-wise). Round each corner using the Corner Small Punch. Use the “Faux Alligator Technique”. To do this ink up the front of the purse flap with Versa Mark Ink. Cover with Clear Embossing Powder. 
Taking your bone folder (or other blunt object) make random, wavy lines through the embossing powder. Then use your heat tool to heat-set. (Tip: DO NOT reuse the embossing powder that falls off when doing the Faux Alligator Technique, this will ruin future projects that you use your embossing powder on because it will be mixed with Versa Mark Ink). 
Put sticky strip on one half of the "flap" below the score line. Adhere the purse flap to the back side of your purse in the center.I usually use the flower brads (Item #112579), but if you want a less expensive button you can take the 1/2 circle punch (#119869), cut 6 circles and stack them together with crystal effects (#101055). Put round velcro (with the adhesive on the back) on the back side of your brad to keep the purse closed. Add 2 clear envelopes (#102619) on both sides (inside) of the purse using sticky strip. Decorate computer paper (cut in 1/2 width-wise) and envelopes as you desire.
Inside the finished project.
The outside of the finished project. The purse on the right was made with the 3-1/2" x 5" piece of Card Stock. The purse on the left was made with the Top Note Die.
