I think this is a great make. Its been a long time since I last did any shrink plastic and the elephant works really well, strung with a few beads from the stash onto one of those little chains he looks great.
For the example the bag has been stamped with the SAB stamp set but almost any stamp set could be used for the background. I would stamp the elephants first as they are the focus then the background stamps.
Remember you need a pice of card inside the bag to stop the ink going through onto the other side of your bag then you can put a different pattern on the other side.
The first 2 pictures show each side of the bag.....
This is a close up of the elephant on one side.
This picture shows the bag charm. This uses the same stamp but on shrink plastic, isn't he cute.
It should be a fun morning tomorrow.