Quilted bag in the Round

This bag was a gift, my friend did not make it herself. No Names, no tags. Nevertheless, what an interesting idea! This is a quilted circle faced with pockets and the little loop tabs all around the outside edges. It is gathered up by fabric covered cord which is also one big circle. Then you pull it up and tie two big knots on each side to keep the gathers in place. It also has some velcro in the center.