The bun wrap from Lush can be used as gift wrapping, hair band or bag. Super handy and durable.
The idea comes from the ancient Japanese tradition of furoshiki. A furoshiki is a piece of decorated fabric originally used by the Japanese in bathhouses to store their clothes. But actually the square piece of fabric is multifunctional. On the Lush website you can see how you can tie a knot wrap as a bag, gift wrap or lantern.
Knot wrap, from €5.95 at Lush.