You will find the full pattern below, or download the PDF from Ravelry. Happy holiday knitting!
P.S. If this project is not your style, try one of my other free holiday patterns: Holiday Mice, Inuk and Seal, Reindeer finger-puppet, Mini Pookies. (Ravelry links: Holiday Mice, Inuk and Seal, Reindeer finger-puppet, and Mini Pookies.)
Polar Bear Pouch
mb = make bobble (for ears): increase 5 sts into next stitch by k1, p1, k1, p1, k1 into this st. Turn, p5. Turn, ssk, k1, k2tog, then pass first 2 sts over last to have 1 st remaining.
CO 16 sts. Divide stitches between 3 needles.
Rnd 1: Join in the round, knit.
Rnd 2: [k1, m1, k7, m1] x 2. (20 sts)
Rnd 3: Knit.
Rnd 4: [k1, m1, k9, m1] x 2. (24 sts)
Rnd 5: Knit.
Rnd 6: [k1, m1, k11, m1] x 2. (28 sts)
Rnd 7-13: Knit 7 rnds.
Rnd 14: [k5, ssk, k1, k2tog, k4] x 2. (24 sts)
Rnd 15-19: Knit 5 rnds.
Rnd 20: k1, bind off 10 sts, k to end. (14 sts)
Place all sts onto one dpn. Pouch flap is knit flat:
Row 21 (WS): k2, p10, k2.
Row 22: k3, mb, k6, mb, k3.
Row 23: k2, p10, k2.
Row 24: Knit.
Row 25-28: Repeat Rows 23-24 twice.
Row 29: k2, p10, k2.
Row 30: k4, k2tog, k2, ssk, k4. (12 sts)
Row 31: k2, p8, k2.
Row 32: k3, k2tog, k2, ssk, k3. (10 sts)
Row 33: k2, p6, k2.
Row 34: k2, k2tog, k2, ssk, k2. (8 sts)
Row 35: k2, p4, k2.
Row 36: [k2tog] x 2, yo, [ssk] x 2. (5 sts)
With thread and hand-sewing needle, sew smaller buttons/beads to pouch flap for eyes.
Bells or other embellishments can be added to the pouch. I’ve added a small bell to the bottom to add extra colour. You could also try a ribbon bow, fancy buttons, or just leave it simple.
*If you don’t have ribbon, you could make I-cord for the pouch, but this is not shown in the pattern.
With 4 mm dpns, cast on 4 sts. Work in I-cord until you reach desired length. Bind off. Sew cord ends to top corners of pouch, and weave in yarn ends on WS.