From LionBrand.com:
This cute carryall holds all the essentials. Wow that friend or family member who is always tough to shop for with a beautiful handmade bag. The chunky cables of this bag make it a stunning gift that is bound to impress this holiday season. Measures 15 inches x 10 inches.

Lion Brand Pattern #: 60357AD
Lion Brand Pattern #: 60357B
Corrections applied May 3, 2012

SKILL LEVEL: Easy

SIZE: One Size 15 x 10 in. (38 x 25.5 cm) excluding handles

Suggested yarn
#640 Wool-Ease Thick & Quick:
(1) ball each of four different colors (A, B, C, D)

Knitting Needles - Size 10.5 (6.5 mm)
Crochet Hook - Size K-10.5 (6.5 mm)
Cable needles, stitch holders
2 ring purse handles 6 in. (15.25 cm) diameter plus

Some sewing required to finish. Crochet hook is used to wrap the handles with yarn.

60357B Cable Ready Bag is the same pattern in a different colorway.

See Ravelry Cable Ready Bag (Solid color) #60399AD for the Solid-color version.