When I saw this little item in Nupur's lovely blog, I knew I had to have one. I emailed her to ask her if she made it, which she did. And then, she gave it to me! Am I lucky, or what?.
Though it is a purse in this, its original incarnation, clearly it could also be a potholder. If you would like to make one too, you can find the pattern, by Hannah of Bittersweet, here.
Thank you, Nupur- you are indeed a generous soul.