I know this has been passed around, but I wanted to share the little pin cushions I've been making with 'childproof' pill bottlecaps. It's the ones that are on the large bottles. The caps are about 2 1/2 inches across.
As you can see, you cut out circles larger than the top so that you can stitch around it like a yo-yo and draw it up around the lid. Then you do the flower middle (where you stick the pins) the same way and draw it up around the ball of batting. Fit the middle down on the bottom and stitch them together. Make 8 triangles cut from 4 approximately 2 to 2 1/2 inch squares. Gather the long side of each triangle on a thread and stitch them down gathered around the edge. This looks like leaves or petals. You can attach a string to hang it from if you like or just sit it by your chair for your stitchin' time.
As far as the material, I used wool felt and I think some of it was kunin felt, too. But you can use poly felt or cotton fabric or any fabric. Wool is good, especially inside, to keep your needles from rusting.
To look at some more AWESOME PINCUSHIONS click the link