It was pretty large, soft and flexible. Would have made a great bulky knit sweater, I think. I washed it in hot water in my machine along with a bath towel. It came out somewhat smaller but VERY heavy and wet, so I decided to throw it in the drier for 10 minutes. I don't recommend you do this unless you're willing to end up with a teeny tiny coin purse, but this time, it worked great! After these few minutes on high heat, it had shrunk up perfectly and was nearly dry. I stuffed it with a bath towel and set it out to finish drying overnight
The next night, I embellished it with a fringe made of leftover yarns, added the knobby thing, and Voila!, it was finished! I like the way it looks. It's very thick and strong from all the wool shrinking up, and it holds all my stuff as well as the old one did. That one? It went into the garbage a couple of days ago--but I saved the pin!
Here's the finished product: