Sorry folks...here is an updated link for the website...I should have checked it first before posting.
Here is the link for those who have been desperately looking for these instructions...the purse is made out of 12x12 CS - requires no cutting, just folding. I have not tried to make one yet, but thought I should post this for anyone who wants to have a go at it...
Thanks much to KarrieLyne for the instructions...
http://www.hgtv.com/hgtv/cr_paper_cr...065040,00