The other day I came across a pin for a tutorial for leather tassel key-rings. "Hey!" I thought. "I have lots of leather scraps!" Yesterday I cut some up to make this:
Isn't that cute? It took me maybe 15 minutes (exclusive of the time I spent choosing which piece of leather to use). I cut all my pieces with my rotary cutter and quilter's ruler, so I didn't have to mark anything on the leather. I can see myself making lots of these with different colored leather scraps. I think they'd make fantastic gifts.