This is an iron carrier (this is not my pattern - TC Designs - I purchased it from Nancy's Notions). I wanted to make one - I taught a sewing class at church over the summer and continue to run a sewing group twice a month and I seem to be constantly carrying home a hot iron. The beauty of this is that it is also an ironing surface. I discovered that the folded corners make a nice "pocket" to hold the cord. Can't wait to carry it to my first sewing group in a couple of weeks!