Thanks for the tute Chester the Bunny. This is very similar to the one I saw at LQS except the band was made of a pony tail holder and the base was wooden instead of a bottle cap.
AFQSinc--that is a wonderful idea using it for the cheater needle when burying threads.
Thanks to all.

I made one of the ring pin cushions. It works well, although I think I got the elastic a little loose. They are quick and easy to make, and very little cost in materials.

I have one of those botle cap pin cushions and they work great. . . paid 50 cents for it at a quilt/craft show!

I got one at a quilt show & love it. I am going to make some for my quilting friends.

I don't think I would like it.