vintage tea towel turned plastic bag organizer

I found this vintage tea towel at Savers this past weekend for 99 cents, and knew it would be perfect for a Martha Stewart tutorial I'd pinned awhile back. One hour and $1.29 (for the elastic) later, no more plastic bags shoved under the sink! 

P.S. How to make word magnets, and don't forget to enter the giveaway to win a sheet of StickyGram Instagram magnets! Perfect for the fridge...