Rocks, seriously, it's cute, it's fast to sew and it looks great.
I made the original size from Noodlehead - you can find it here
I made the first one - the red one exactly as stated except I didn't use the 1/2 inch seam allowance, just the width of my foot. And I only used 2 inches for the squaring of the bottom, I wanted a taller pouch.
The second one I tweaked just a tad. I understitched the zip on the wrong side, just so it didn't get caught in the teeth, cause I wasn't being careful the first time round.
And I thought I'd be clever with the tab pull, but just don't bother, do it as the original lol!! I spent several frustrating minutes thinking why did you think that was a good idea.
Anyways consensus is I love it - did I say that already, I think they would make wonderful Mother's Day Stall gifts, or just a stash to have on standby to fill with soaps, makeup, bikkies, lego, marbles or whatever. I think they'd also make awesome project bags in the bigger size - which you can find here