The way I see it, a sturdy canvas tote and an array of tassels are all that I need (excluding the requisite notions involved i.e. thread, etc) to make my tassel bag. While it could be seen as a bit of work, I have a week's worth of time on my hands coming up, and a gift certificate to Mood that I've been trying to find a project for. Not to mention, in making you're own you can pick whichever color tassels you would like!
Since I'm a firm believer in never having enough bags, as well as the fact that I've been looking for a reason to make another trip to the Garment District, I'm looking forward to this project!