I saw this tutorial a while back, but didn't get around to sewing it until the other day (snow day sewing). Anyway, there is this great tutorial for making these little pencil pouches. They could also be used for makeup brushes or whatever you like. You could also make different sizes depending on what you want. And they could be great gifts. Anyway, here is the link to the pencil pouch.
Here is the one I made.
Happy sewing everyone!