To print the pattern simply right click the picture, save to your computer and print. It fits onto one piece of A4 paper.
Cut out :: 2 purse pieces & 1 of each cupcake piece. You'll also need to pick some co-ordinating ribbon, a button and a 4" zip.
On one of the purse pieces stitch the ribbon into position.
Stitch the ribbon to your cupcake piece.
Make sure the ends of the ribbon are tucked underneath and then they can't fray.
Pin you cupcake into position and stitch at right angles to the edge.
Pin your cupcake icing into position and again, stitch at right angles to the edge. 
Sew your button on using a two strands of thread (it's stronger)
Once your purse is decorated it's time to conquer the zipper!
pin the zip to the decorated layer of your purse.
Carefully lay the two pieces on top of each other insuring the edges are lined up. Pin the two layers together.
Once your purse is all pinned together you need to adjust the pins that are holding your zip in position so they are also pinned through both layers. It's worth taking your time over this, making sure everything is nicely lined up and securly pinned.
the back should look like this.
before starting to sew the zip gently slide the slider back and forth to make sure it slides smoothly.
Start to stitch the zip in using a neat straight stitch.
before passing the needle all the way through turn the purse over to make sure that your underside stitches are the same distance away from the zip. Being patient and taking your time at this step will make or break your purse!
Once you have finished stitching the front looks like this.
and the back like this.
Now you have mastered zips! Hurrah!
The next step is to fold your purse over and pin all 4 layers together.
Felt is very forgiving and you will be able to manipulate the edges so they are lined up very neatly.
These next photos explain my way of blanket stitching...if you can already blanket stitch you can skip this bit :-)
Pass your needle through the back 2 layers of the purse
push your needle through from the back as close to your thread as possible.
pull the thread through but leave a little loop.
pass your needle through the loop (from front to back) and pull it firmly.
You've just done your first blanket stitch.
repeat the steps...needle through from the back to the front...
...leave a loop, needle through the loop from front to back, pull firmly, next stitch.
the secret to neat blanket stitches (according to little old me) is to keep the horizontal stitch the same length as the vertical stitch. The more you practise judging it by eye the easier it will get...it's also easier if you do a larger blanket stitch (about 5mm)
keep stitching round the curves
and tra-la! you've made your very own cupcake purse....
...complete with zip !!
