Cut piece of faux leather down to 8 1/4 x 23 inches. Use chalk to draw two lines down the length of the piece of faux leather on the back side, splitting the 8¼ inch width of the faux leather into exact thirds.
Turn the piece of faux leather so that those white lines are laying horizontally. Measure in from the left side 1 1/2 inches from the bottom white line and then make a 3/4 inch slit with craft knife, right along the white line. Make another identical 3/4 inch slit, a 1/4 inch below the first one. Continue making 3/4 inch slits along the white line that are spaced a 1/4 inch apart and also continue making their identical slits right below them, a 1/4 inch down.
You will make a total of 20 sets of slits along (and below) the white line, stopping 1 1/2 inches from the other end. Those sets of slits will create a snug home for one end of your colored pencils to go. Repeat the same process with the upper white line, creating slits right along the line but make its identical slit above the white line this time, rather than below.
The slits along both the upper and lower white lines should match up evenly, so that there is a place for each end of colored pencil. Cut a piece of ribbon that is 1 yard long and heat seal both ends with a candle.
Along the back side of the very middle of the ribbon, apply a generous amount of glue, in a 1 1/2 x 1 1/2 inch square. Lay the faux leather down in front of you horizontally, with the “right” side facing up. Place the glued section of the ribbon face down, at one end of the rectangle faux leather, centering it from top to bottom. Press firmly and let dry completely before using. Now, slide your supplies inside…..and enjoy a little less clutter in your life!