Check out this little thread holder - it came in handy when I took it to quilt class.
The first one I made (with 2 1/2" strips) was too small and needed stabilizer. So I made another one, with 3" strips and medium weight interfacing. I like the second one better. I used the "edge joiner" foot instead of hand sewing the seams together. This was an easy project and fun to make.
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Here are the directions:
http://thestitchingroom.blogspot.com...r-pattern.html
and "cute little pot for all your bits":
http://www.quiltingboard.com/picture...-a-t11300.html
They make cute gifts! Enjoy.