Sew4Home has the how-to for making this lanyard with a pocket to hold your keys and other a stash of pocket money. A Velcro closure keeps things from falling out. You can mix and match the prints on the different pieces of the pocket and lanyard, making this a great scrapbusting project. Get the how-to.
[photo from Sew4Home]
Genevieve says
This looks like a good one for a tiny iPod nano. Awesome!