My Mum In Law recently bought a throw which came with two plain fleece cushion covers and knowing that she'd never use them she then passed them to me.
This weekend I added bunting to one them using fabric scraps and a length of ribbon. I'm not sure what to do with the other cover yet.
Another thing that I made using very little fabric are these small key ring pouches using this tutorial. These are handy for me when I'm nipping off for a wander along the canal when I don't want to carry a bag for my purse. I could just pop a bit of loose change in to one of these.