Just thought I'd share this awesome remake. I've been wanting one of these yarn caddies for quite some time. My mom had one and I thought it was great. I have lots of tote bags (ask Bob), but nothing that would stay open, hold my yarn from rolling away while working with it, and look nice enough to leave out in the living room. Oh and I didn't want to spend $36 to buy a new one. 
I found this caddy at Bibles for Mexico and the poor thing was filthy, the material was old, worn and stained, and it had some of it's decorative nails replaced with eye hooks. It was only 50 cents and had plenty of potential, so after purchasing some new fabric, something that would go with the living room decor and a light fabric for the lining (so you can see what's inside), and some new decorative nails, this is what it looks like now.
I think I only spent about $5.00 and I can still take my knitting along and the caddy looks awesome.
