Here are a few Mug Buckets I've been putting together. I call them "Mug Buckets" because the design is just like the larger Bucket Buddies that are used for tools, only these are for pencils, markers, scissors, etc. I think they'll make great gifts for teachers or coworkers.
They take about an hour to make each one and seemed like a great use for scrapy stash!
Here's the pattern I used. It's out of print but seems to be avaialble on ebay, amazon, etc.