Well, finally, I got down to photographing the felted little bag I made. It is a shame that again I forgot to take a picture before felting.

Actually, it was a nice bag then.
So this is what it looks now, quite funny, don't you think? It has shrinked to about a half of its original size. Also, it is really thick. Stephen said it would do as a helmet, but it is too small for my head
The knitted bag (from the same yarn) had to be washed 3 times to become felted, and didn't shrink this much even then.
To show you how small it has become, here are some more pictures.
I can hardly fit in three balls of yarn. It will be good to keep some small crochet project, though
I am thinking some crocheted flowers might make it look even funnier.