Here is the auction i won. The seller was very nice, the yarn is GORGEOUS. It is a liiiiiiitle "stringier" than I'd like it to be... pulls apart occasionally, etc. But it looks GREAT knitted up. I've just done some swatches. It does get knotty and twisty, which causes breakage, but I think that's the nature of recycled silk, and not b/c this person sells crappy yarn. The stuff I bought at the LYS was 16 bucks a skein, and it WAS woven very tightly, and it's shinier. But this stuff is really great too... NO sticks or dirt, which I heard can happen with recycled silk. I don't know... I got 2 skeins from the lYS for 32 bucks, and I got 5 skeins from ebay for 34 with shipping; even though the yarn quality is a TINY bit inferior (TINY, TINY, TINY) it's worth it b/c of thepirce, I thought.
I'm going to do the book cover first, and then work on THIS bag pattern: it might be what you're looking for, joyt; the pattern is for the small version, but there is a picture of a bigger version, which is what I think i';m going to do (no directions, though, but I think it can be "fudged")