Here's what I've come up with:
I was in love with the colors and the dots so they had to be included in my version. I was inspired by the flower and used machine stitching and a buckle to pay homage (did I just use the homage? Wow!)to the fact that it was based on a bag. The sun is out here today and it has made for difficult picture taking but I think you can get the idea. The patterned paper is My Mind's Eye, Fancy Pants, and We R Memory Keepers. The scallop circle punch is from Stampin' Up (thank you Jenny) and the "fabulous" is from the Graphically Speaking cartridge for the Cricut. The owner of the scrapbook store in Shelley lets you use her Cricut when you buy paper there. She is the sweetest thing. The rub-on letters are American Crafts. Wish me luck because I am NEEDING that bag.